Replies to post #134320 on Sulja Bros. Building Supplies, Ltd (SLJB)

[metropick]

Agreed. I am sure someone has already said this in the past, but here-goes... Wessal would not be buying if they hadn't done their own DD, just as all of us should be doing. Fishforbreakfast has obviously done his.

[nsomniyak]

marionthis - I suspect there a lot of things that a finance guy or auditor would see differently than an operations/construction guy, particularly the first time numbers are audited. I have had to explain the concept of an "accrual" to people in the past--lots of operational folks live in a cash-flow world, not a revenue/expense/income world.

One of the reasons a first audit takes time is to sort these things out. After that, things are a lot easier.

As to whether this is all part of a plan, we can hope but I'm not betting on it. Is it calculated, or are they just stumbling through a first audit process under an exceptional level of public scrutiny and an (external) sense of urgency? I think it is probably somewhere in the middle--they are stumbling through, and, if that gives them time to get other things lined up, all the better, but I don't think the delays are calculated.