Monday, May 06, 2013 7:58:58 PM
- 2,000,000 shares is 6% of the float. Not insignificant.
- The 'expense' was put on the books at $5,000 rather than the $500,000 that Calip Diary could realize from sale of shares. The $500K would have more than wiped out reported 2012 'profits.'
Continuing to look forward to the audited financials required to achieve the NASDAQ uplisting promised a year ago. From my perspective as a former CPA, the logical time for audited financials is at a year-end; either audit 2012, or announce to the world that 2013 will be audited. Absent audited financials, uplisting is not obtainable.
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