Accredited Solutions Inc (ASII)

[tomasviejo]

"Approximately 6,000 tons of the Tailings material has been sent to the processing plant in Parral, Mexico. As of the date of this Quarterly Report, this shipment has not been fully processed and the Company has no revenues from Tailings project. In addition, the Parral processing plant has undergone a change of management and has indicated that it will not accept further material for processing. The Company has identified another processing plant in the area that it anticipates will process future shipments of Tailings material.

The Company is constructing a basic wash plant and jig circuit on the property on which the Tailings are located. The cost of the wash plant and jig circuit, if completed, is expected to be approximately $80,000."

First of all, the filing is the Company's Annual Report, NOT a Quarterly report. The Company is recycling statements made in previous filings. You can find the same statements in filings made between June and December of last year. The word from the newspaper (El Sol) in Parral is that the plant is open and accepting material for processing. I thought the wash plant had been in full operation since at least the beginning of last August. I have to wonder how management can issue a statement that is so at variance with what the local press is reporting, and with other statements the company itself has made in previous filings.

The 10-Q should be out next week. Hopefully it will provide some clarification.