NanoTech Entertainment Inc (NTEK)

[JMillio]

I asked the exact same question to Niko back in July.

Here is my question to Niko:

Last quarter they said fins wouldn't be audited because they figured they would save a little and spend it on the development of the company instead. With enough profits this past quarter, I thought they would pay for such service.

What is the big difference though between audited and unaudited financials?
Should one care so much about the audit process or not?

I wouldn't include his reply to me in this post. But he helped me understand that it would cost a LOT of money to have their financials audited, not to mention time-consuming. The main purpose of auditing is to uplist, but NTEK is not doing that just yet. At the same time, another company promised its shareholders that they could audit their fins. They regretted promising that afterwards.