Replies to post #78055 on Hiru Corporation (HIRU)

[satter]

I am not so comfortable with their financial reporting. It may be accurate but unless audited I have concerns. I do with others too. You mentioned cash in hand, 2.7 million, to be exact it's 2,735,291.

In their annual report, 2024, they reported the same exact balance as their 2025 Q1, - 2,735,291., same exact opening balance & net movement during the period.

Q1 2025- Cash and cash equivalents This represents cash in hand and cash deposited in bank accounts (current) by the Company and Subsidiaries as of the ledgers on 03/31/2025 since the new board members and directors are all non US Residents/Citizens limiting the access to US Bank account, in the interim the CEO contributed personally to the needs of cash of the company off-balance.
Amount in $
1,077,312
1,657,979
2,735,291

2024 annual- Cash and cash equivalents
This represents cash in hand and cash deposited in bank accounts (current) by the Company as of the ledgers on 09/30/2024 since the new board members and directors are all non US Residents/Citizens limiting the access to US Bank account, in the interim the CEO contributed personally to the needs of cash of the company off-balance.
Amount in $
1,077,312
1,657,979
2,735,291

This is unusal. Not saying it's not correct but do find it questionable.