Saturday, March 29, 2014 7:04:54 AM
I bet 20c they never really went anywhere with it, or gave up when they realized how much work it would be getting through the SEC review process etc. But happy to be proved wrong.
If they have actually been working on it - including the audits for the last two years a little company like VGLS requires for a Form 10 - you'd think that maybe for once they could get an annual report filed on time ie next week sometime.
The auditor, KWCO PC, doesn't look very good from its last PCAOB review: http://pcaobus.org/Inspections/Reports/Documents/2014_KWCO_PC.pdf
The PCAOB reviewed its audits for three issuers, and found problems worth commenting on in two of them. I guess if you are a glass-half-full kind of person you could say that this criticism might cause KWCO to get its act together better for the VGLS audits ...
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