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Re: MoFlowMoCash post# 93529

Friday, 11/01/2013 12:45:02 PM

Friday, November 01, 2013 12:45:02 PM

Post# of 146837
Then how do you audit an annual? Your Q1 has to flow from the previous annual and previous Q4. Your 9 months has to flow into your annual, especially on cash flow. They get audited, that is how it happens.

Secondly, if this issuer were to file a registration statement, the audit goes stale after 132 calendar days. After that if the issuer/registrant is in Q3 or Q4, they have to audit the quarter to bring the financials inside the 132 days or the registration will be kicked back waiting current audits.

Since this issuer is into Q4 already, if they filed a registration, they would have to audit 3 years balance, 2 years cash flow and income. They would also have to audit Q1 and Q2. If they wait to audit at the Annual, the registration would have to be refiled. That is why you audit Qs.

I know many people have never prepared financials or audited them before, but to post mis-information to induce investment is not cool.