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Wednesday, December 28, 2011 12:24:18 AM
From what I have learned, EXTO/Bayport Corporation had not just one CPA or Accountant that had been helping them, but instead, there has been a group of CPAs and Accountants to help with completing their financials. Jim had done this because of some not ever doing financials for a public company. There is a different consideration that needs to be given to a public company versus a private company on some things.
Jim has consulted them all throughout this entire process which has been most of the reasons for the delays. More than one view for a few things to be filed were given and much coordination had been done to determine the best direction to take for crossing certain "t's" and dotting certain "i's" to be in the best interest of the company and its shareholders.
From what I have learned, all of the coordination between all have been completed to where there is now a final product and that things should be filed very soon. Ok... I know a few have been saying such and believing such and each time was a delay. I believe any of the delays were legit and will prove to have a better final product delivered.
The delays have been from certain Accountants getting on the same page to understand what's best on how certain things need to be filed. Ultimately, Jim has the final say so on what's best. I would be very surprised if we didn't see the company's financials and all appropriate filings uploaded and filed this week. In my opinion, I think the time is finally here.
v/r
Sterling
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