Kingnazz, I was talking about the amount of paperwork, the disclosure rules and what you term the 'fiduciary responsibility to the stockholders'. In exchange for the access to funding (which is why companies go public in the present lack of start-up financing), public companies have to jump through a lot of hoops.
I am not saying those hoops are bad - just that they require a lot of time and paperwork in a company that is usually staffed by only a few people wearing a lot of different hats.
Regarding the audit: As I understand it, Veltex is having the audit done to satisfy the requirements of its finance companies and business associates.
Kingnazz, no offense, but your reading skills are lacking.
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