Monday, January 13, 2003 10:26:41 PM
If we are to expect AUDITED financials by the end of the Quarter, shouldn't we have seen a press release by now stating who the AUDITING FIRM is??????
I don't think you can perform an AUDIT of a company with primary business in Bangledesh, Canada, Memphis, etc. to be done in just 2 months...Or can you...Again, this company isn't doing anything to help themselves with appreciating shareholder value...
I don't know of any reason why you wouldn't publish this info. once the terms have been agreed. Other compainies when performing similar audits usually brag repeatedly about the audit and the AUDITING FIRM...(usually)...It is also customary to try to find an older established firm to do the audit (when credibility is an issue)....
This type of press release would give opportunity for some DD...
Note: I wouldn't be expecting the Auditing Firm to disclose any info. just that they have been employeed to perform an audit...I am pretty sure this is done all the time...
Just some thoughts for the board.
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