Today, I took to the clouds and flew over to have a meeting with SNEY's Steve Parent.
The results of said meeting I share with shareholders, in order for all of us
to benefit, or be at peace by knowing facts from SNEY versus imagined rumors
resulting from no news at all.
Good, bad or indiferent, the following are the results of our meeting.
Priority;
I had no intentions of discussing everything about SNEY, since my time was limited,
therefore The topic of conversation had to be brief and to the poin; "When current??"
Steve Parent was motivated and quite adamant about being current at the earliest
POSSIBLE time, however, he explained that the process must follow a sequence of releases,
one that will avoid further "re-do delays" as with the "Q"1, and bring SNEY current.
These are his answers pertaining to the completion of FILINGS;
A. New accountant's focus is on completing the audit of 10K as soon as it is possible,
and "Q"3 to be released two days before 10K completed, this will avoid RE-STATING by
having "Q"3 financials concur with 10K and filed close, thus avoid a 2-4 weeks delay
prior to "Current". (as with prior "Q"1)
B. "Q"1 to follow seven to ten days thereafter, a relatively simple process that
only requires a review and not an audit.
The above will consist of a 1-2-3 process that will bring SNEY into "Compliance"
faster than allowing a wider gap between "Q"3 and 10K filings.
This is extremely important,
if any RE-STATING has to get done it will now take place after "Current",
therefore avoiding further delays.
I hope this will fuel shareholder's patience just a while longer, I know it has been
a long ordeal.
On either Friday or Monday, I will know when 10K will be ready.
NOTE; The above is from SNEY direct, do not shoot the "carrier" who took the time
to fly there and look into this matter of great priority.
(* Az. was very hot, had to take helment off)
"Rocketman", . . . . . . . . . . . up, up, and away!
