If Hop-On was to be audited, at the very least it would have to restate the last 4 years of results.
You see, in the Note 4 of the 2012 accounts, PM reveals that he totally forgot an consultancy expense of $125K per years, for the past 3 years. Which would have doubled HPNN losses for those years.
He never fixed the account to properly reflect his lapse.
More likely, that surprise debt was created to funnel prefeered convertible shares to a close associate.
Anyhow, he wants to audit Re-Medical alone. Not Hop-On.
It will inspire great confidence to HPNN shareholders that a subsidiary created for $50 a month ago will pass its audit with flying colors.
A single number to audit: $0.
Oh, and Re-Medical Colorado has a single share of stock.
I wonder who owns that share.
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