Replies to post #34535 on New Colombia Resources Inc fka NEWC

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it may vary by jurisdiction and subject matter-its 6 years in my jurisdiction-but fraud as defined by the legal profession is very difficult to prove-have to prove 9 distinct elements by clear convincing and cogent evidence-the highest standard- unless NEWC comes under the jurisdiction of the UCC etc and the UCC etc has a different timetable

timing of the audit-he explained the previous auditors- continuity board etc- but there are 2 10K's to audit and many 10Q's to review- companies are allotted 90 days to get their 10k-and many companies dont meet that timetable

I'm sure there were complicated transactions with derivatives etc but still should not take this long-if this is legitimate he probably does not want to blow up at the auditors as he may have done last time -and for good reason
auditors move at their own pace-they are by design the most an--y retentive people- and they will take months if necessary to independently verify transactions with outside companies or agencies