Has anyone thought that maybe the CEO had this dirty auditor do nonsense audits on purpose in order to show a steady loss each quarter as a tax write off while filling all new orders from China with her private company where she doesn't have to show it?
Not bashing it's just a thought.. If I'm the CEO and I have this auditor doing my books after a few quarters and new contracts and orders coming in wouldn't u wonder why the Finns aren't going up and were steady dropping?
It's on record the fudged past Finns have all to do with this auditor and nothing to do with CEO or company but I use to do audits myself in the past and the company has to sign off on it and easily could tell the auditor what to put down or only give him records on what the company wanted,., I use to have CEOs hiding sales and numbers from me all the time to show minimum requirements for what the union required (I was a union auditor) it's very common and I would imagine now that Brwc dodged a bullet and the auditor took the fall for this but now they have to decide what to do .. Show more sales then what was previously audited? Then they may owe back taxes?
What ever Brwc is doing now is no small task and fixing the books now is going to take awhile I'm sure. I wouldn't be surprised if we don't hear anything till atleast the end of the year.,, it could still wind up being good with new contracts and fixed previous filings but I wouldn't expect it very soon.
My opinion is this will slowly drop with bid support at each tic getting pushed down each week till news and or filings.
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