Replies to post #62735 on Vystar Corp (VYST)

[magikalalpha]

That's one of the thoughts that ran around in my mind yesterday. I hadn't reached out to Greg before but I was annoyed and I wanted to know why they were late. This was a triple check done at the auditors request, falling outside of the scheduled time line. The auditors know they can request this extension without getting dinged so to add another layer to the authenticity of the valuations, they took this extra step. Greg went so far as to explain to me in depth what that entailed. O.K. Now I got it. Understood.

[dablitz]

Management cannot tell an independent auditor to file an unfinished report can they? Hence the extension?

[pennylandspirit]

Try reading why the 10k is late why don’t you

[Don Quixote]

Wow...you ask that question and your grandfathered in by ihub? WTH!!!

[nbhitter22]

You should read this. Definitely wouldn’t say management is incompetent in any means. You’ll find this interesting. I posted the link below but it’s a research essay based on statistics back in 2003 when the deadline to file a annual 10-K use to be 75 days and comparing to how it is now with it being 90 days as a deadline. How many business really file the extension and why. The research paper breaks it all out.

http://w4.stern.nyu.edu/accounting/docs/speaker_papers/fall2005/bryantpengzvinakis_october.pdf