Replies to post #82949 on Evercore Holdings Inc (EVHO)

[B0B0]

I can't tell you how many executives I have come across that get ahead of themselves, or try to do everything themselves. Growing a business is hard. It appears it only recently that KGKG team is growing. As he surrounds himself with good people because of growth, things will change; hopefully exponentially from now on. They had no freaking revenue for Pete's sake. It's all good. I am sure you must see the potential is coming to fruition now?

[Callmedragon03]

Spin off sister company has already up-listed. Since our current revenue has already dwarfed there’s in matter of months I’d say it’s a safe bet they were concentrated on company growth first before uplist.

[B0B0]

Rookie. Thanks for the links. OTC Markets shows no audited FS even though the press release says an auditing firm was retained in April 2017. The timing of that would be presumably for an audit of the books and records for 2016. But thinking it through, it could very well have been for 2017. But there is no audit for 2017 and 2018 just wrapped up.

OTC Markets also shows the current Accounting/Audit firm as B F Borgers CPA PC. This firm might be doing only the accounting & tax work, but it could not be used as the auditing firm. I am not sure what happened to D’Arelli Pruzansky, P.A. that was retained in April 2017.

Are these matters of concern. Possibly. However, my initial thoughts are that based on $27k of revenue first hitting the books in 2018, they put off doing an audit once finding out the cost of the audit. The fees would be around $20-$60K for the audit. That is a wide range for fees but it depends on the firm (size, billing rates, etc) they hire.

Going back to the release this morning, it states the Accountant Administrator, Mrs. Motta, will be managing the Company’s books and completing the 2017 audit and future audits as KGKG moves to the OTCQB market tier.

So a 2017 audit is still in play which makes sense.

Anyhow, interesting stuff. Thanks for sharing.