Replies to post #61906 on Lans Holdings Inc (fka LAHO)

[SeattleITguy]

“What is the delay????”

They got suspended then revoked. So probably need to deal with that first. SMH

[MisterBig]

Where did you read this? I don't remember a guarantee that the audit would be finished on the 12th. At least, not September.

[paulpaint]

Scope of audit grew by 2 years as part of their agreement with SEC...

[All I do is win92]

Reason for audit “delay”:
I’ve mentioned this before, the PR which suggests the financials should have been completed 9/12 was released on June 12th. A NEW pr and an 8K was later released on 7/29 signifying a change of accountants. A standard audit, per google, takes 3-6 weeks per year to audit. I assume considering the circumstances, we are looking at 12-15 weeks for the 2 year time frame. We’re looking at the end of October to the middle of November. There is no audit delay. The June 12th PR essentially got wiped out on July 29th.

Before someone wants to mention fraud was the reason for dumping the old accountants, the 8K straight out says they found no disputes and the former accountants commented on that backing it up. Which is why the 8K was amended.