Replies to post #50819 on Nutra Pharma Corp (NPHC)

[Brokemillwright]

Even tho they posted in what was it November 2020 that they were underway and be done before the new year. They even have a contract uploaded on the website. So saying they are slow because tax season doesn't mean much when they started 6 months ago and are 4 over due.

[I-Glow]

Corporate taxes are due March 15th - if Nutra has been filing corporate taxes then the 2019 filings should have been completed.

Then between 2018 and 2019 there wasn't much business conducted so the 10-K for 2019 should have been very easy to complete - most 10-Ks are boilerplate information.

We had a company that was uplisting to Nasdaq which means you have to do a complete audit - not a OTCM audit where the company furnishes the financials and basically the auditor makes sure the Balance Sheet balances.

In a real auditor there were 6 CPAs that stayed in the conference room for a week and had 3 of our employees bringing invoices, contracts, bank statements etc and it took 3 weeks to complete as it had to be Sarbanes-Oxley compliant.

So tax season can't be used as an excuse for not filing the 2019 10-K.

There might be a problem with the SEC because they comment on the 10-K and Nutra has to respond and either correct the 10-K or explain why it was done in a certain way.

IG