NEWS WAFR: COREwafer appoints auditor, taking next step toward $10M funding
Let's take another look at this.
1. "The selection of Salberg & Company concludes a thorough selection process, which the company conducted as part of its effort to select an auditor..."the selection concludes a thorough selection process" that was "part of its effort to select"???
That's a whole lot of selecting, but what's missing? Any words like employ, engage, recruit, appoint, take on, sign up, enroll, commission, enlist, contract. No where in the PR does it say that they've actually hired Salberg & Company.
Now, if I wanted to make the best use of such a PR, I'd make sure that the auditors appeared on the Company Info page at OTCMarkets when the PR came out. I'd want to be on the list of Salberg's clients on OTCMarkets, too. However, if you haven't actually hired the auditor, it could be bad to list them on OTCMarkets. On the other, announcing only that you've "selected" them? Select just means "to carefully choose."
It's like someone taking you for a ride in their beater car and explaining that they've selected their new car when you know they have no job and no money.
2. "COREwafer believes that Salberg & Company will have adequate time to prepare audited financials for the two years ended December 31, 2012, during the first fiscal quarter of 2013."
Corewafer "believes" that this auditor will have adequate time to prepare these financials. That's nice. Does Salberg & Company believe that? Does Salberg even know they've been "selected"?
3. "We have gone to great lengths to secure all of the past corporate history, documentation, and financial data that Salberg & Company will require." More interesting phrasing. It's not "We have gone to great lengths to secure all of...[yada,yada]...that Salberg & Company requires," which would imply some agency on Salberg's part; no, it's "will require," which is like telling someone to take proof of address with them when they want to get a library card because the library "will require" it. The library knows diddly about this plan and has no involvement in it, but it sounds good, doesn't it? Almost makes you believe.
And I'm still wondering what the other part of APII/WAFR's "effort to select an auditor" is. Maybe actually hiring an auditor?
This PR is meaningless. That, or it's just very badly written. I think it's both.
AI
