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grantastic

10/24/16 2:35 PM

#24447 RE: powerinnumbers #24445

The "December 1st 2016" number is pulled out of thin air. Why would you trust it, instead of for example, the November 9, 2016 date which another forum member has posted?

The CFO doesn't do an audit. An independent company does the audit. Setting a 6 month clock from CFO hiring is completely arbitrary.

My company does $20+m/yr in revenue from 300+ customers across 6+ countries. Our audits take no more than a month. What's the justification for saying the audit of a smaller company with fewer revenues from less countries and less customers should take 6x as long?

It looks like posters are making up random dates which are always ~6 weeks away, and working backwards to some up with some random justification for it.

If you have faith that the financials will be released by December 1, 2016. That's great. Let me ask you: will you reevaluate your opinion of this company if they are NOT released by then?

gitreal

10/24/16 5:55 PM

#24452 RE: powerinnumbers #24445

put the actual timeline out there regarding the audit and financial statements

What is "actual" about it?

If you took all the timeframes offered by KJ and drew circles around those dates on a calendar, you'd have a very busy looking calendar, but still no "actual" timeline.

IMO, this company will never return to compliance. Too much funny stuff has occurred in the last 10 months to ever explain it all in filings.