The Tirex Corporation (TXMC)

[scoobey-do]

My personal oppinion is that Tirex has financial available but not audited ones. It is very easy to pull together a balance sheet, income statement and a cash flow statement. It is all the additional backup reports that are required by the SEC that are tricky and need a lot of work to put together.

If Tirex could get financing based on their own financials, they would not need a JV. IMO, any financing will come from the partner's financial status rather than Tirex's financials.

Preparing Financials and working with the auditors was my former life. Financials were pulled together every month, formalized once a quarter and than the auditors came in at year end. It was like a wind storm when they blew into the building.

I don't think audited Tirex statement would do much to help get financing for the Tirex operation. IMO, Tirex wouldn't have many assets but it must have a whole lot of start-up losses over the years on their internal financials.