Replies to post #48429 on Greenshift Corporation (GERS)

[twaflyer1]

gers. Only if they did something blatantly Illegal? But it looks like the S.E.C. sees things differently than you do?

[Slashnuts]

ATIS Will soon be current on all filings.

"The Securities and Exchange Commission today announced charges against five public companies for failing to provide financial statements that were reviewed by their independent external auditor when they filed quarterly reports with the Commission on Form 10-Q."

The above quote is from the link you provided. The companies filed the required 10-Q reports. However, they were fined because the reports weren't reviewed by their independent auditor.

ATIS just spoke of this. The reason filings are late is due to multiple complex transactions that're currently being reviewed and audited by their new auditor.

"Certain transactions into which the Company had entered over the course of the 2018 calendar year have been complex by accounting standards. With this complexity comes certain expectations of valuations and accounting memos, and, unfortunately, during the time the Company entered into these complex transactions, the Company was replacing its previous auditor."

“It is without question that the late filings have created issues; however, we are continuing to work to complete as quickly as possible our financial statements and assist our independent auditor as they finalize their audit and review of these filings. We expect this to be achieved in the near term based on a recently prepared timeline.

https://www.globenewswire.com/news-release/2019/03/15/1755399/0/en/Attis-Provides-Update-on-Quarterly-and-Planned-Annual-Filings.html

Surely you're not advocating for the company to break the law by issuing reports to the SEC before they've been independently audited?