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magikalalpha

04/02/19 10:17 AM

#62417 RE: CA$H I$ KING #62414

You should call and ask him about that.
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SooS416

04/02/19 10:20 AM

#62421 RE: CA$H I$ KING #62414

Issue with the OTC compared to big boards is that the typical OTC player has little to no understanding of business dealings, audits, financial statement prep and merely rely on message boards for 3rd party heresy.

No one can ever give a firm timeline on an audit, particularly a first time audit without major caveats as there are so many things that can delay an audit.

On the big boards the typical investor is much more well versed in public company operations, SEC filings and financial statement prep.

It is comical at times what people say and believe without having any insight themselves as to how this stuff actual works in the real world.

I find this similar to the common person being up and arms with tax legislation, especially business taxation, people can barely do their own taxes yet somehow get vocal about how businesses are taxed when they have zero clue how business taxation, transfer pricing and the like work in practice.
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doogdilinger

04/02/19 10:21 AM

#62423 RE: CA$H I$ KING #62414

Greg already acknowledged that he should never have given the mid feb timeline that the PCAOB auditing firm doing the Rotmans 2+ year audit gave them...but who friggin' cares that he made that tiny mistake...especially now that we just got a direct reference to the official pending Rotmans acquisition in VYST's earnings extension EOD yesterday!

It's a good lesson for Greg to not rely on auditor timelines which I'm sure he won't make again as I strongly suspect Rotmans won't be the only accretive acquisition in VYST's future pipeline ahead either!