There is one thing that is under their control KIR. And can be dealt with on the next funds. Enzo mentioned to me the audits are taking way to long (7 months on this last one) and they may be looking into ways of cutting down that time. If that means replacing this auditing company with another not sure. But I agree with him that was too long for a company that doesn't even have a billion on its books, let alone a hundred million. But I personally never audited a business so I don't know how long they really should take depending on size. I can only go by ARGQ telling me it's taking too long.
With that said the last fund was about $39 million, and the next fund were waiting on is $52 million. So if it took 7 months to audit that one then this one being $13 million more may take...what 9 months. Crazy! Speed it up ARGQ!!! Just guessing here, but get a larger auditing firm who has more people who can audit the books faster.
Things should be picking up here hopefully soon. Not that we haven't already had great news recently. Peter had some personal family emergency he had to attend too recently, so I believe we get something soon on the next fund(s). AIMHO
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