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WhiteFish

08/22/14 2:38 PM

#164010 RE: PhenixBleu #164008

FB Deletion

Not sure how simply asking what the lawsuit was or why it was not disclosed on financials is a "detrimental tone". If was no big deal, it should have been addressed. Please ask IR to tell us what it is.


Licensing Revenue

Agreed, will be interesting to see if the CPA follows GAAP and reclassifies. This is the point of an audit and I'm okay with a restatement as long as it's addressed.

The CA "Fix"

The corporation is both domiciled and "doing business (office, employees, sales)" in California. Both actions require qualification of a foreign corp. This is not even disputed by MYEC as they have acknowledged they should be and stated paperwork has been filed (August 12, 2014)