Replies to post #256316 on Amfil Technologies Inc (FUNN)

[Goodbuddy4863]

Amfil Technologies Inc. Issues Audit Update and Plans on Going & Remaining Current Moving Forward:

http://www.globenewswire.com/news-release/2019/10/16/1930226/0/en/Amfil-Technologies-Inc-Issues-Audit-Update-and-Plans-on-Going-Remaining-Current-Moving-Forward.html

Source: Amfil Technologies Inc.

Toronto, ON, Oct. 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Amfil Technologies Inc.

" (OTC: FUNN) is pleased to announce the projected completion date for the Company’s 2019 audit. While the audit process has been an unpleasant and lengthy experience for management and the shareholders, we are happy to announce that it is finally assumed by all parties involved that the entire audit process will be completed before the end of this month.

It was suggested to the company mid-audit not to release unaudited numbers until the prior year’s audit was completed, as the opening and closing year end balances would not match until any and all adjustments were made to the prior year. Considering the length of time it took to complete the adjustments, in hindsight the Company recognizes that this may not have been the best strategy. Moving forward, the company remains committed to financial transparency, and it will publish/release timely financial statements by the due date, regardless of audit status. This will ensure the company remains current and prevent any future “Stop Sign” designations on OTC Markets."
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Rmeg:
I posted this on two non specific stock Boards first.

Rocketstocks has previously posted the above News here..that was why I did not put it on this Board...sorry about that!