InvestorsHub Logo
icon url

noquit

02/03/09 8:42 AM

#10293 RE: cardinalstlouis #10289

There are 20,000,000 shares of Preferred stock.
icon url

greedy__malone

02/03/09 9:43 AM

#10297 RE: cardinalstlouis #10289

If this were uplisted to the otcbb

This company was reporting when Fischer took it over. His first order of business was do de-register the securities.

Now tell me, if his intentions were to be a reporting company why did he deregister the company as his first order of business?

Makes no sense does it? The company was profitable from the go with millions in revenues and profits. ANVH has already paid hundreds of thousands of dollars for financials that do not meet U.S. standards and have tobe redone by GAAP standards in order to be accepted by the SEC. In other words, ANVH is spending hundreds of thousands on an auditior who is preparing monthly financials for them that can't be used for SEC filing purposes. A monumental waste of money.

They should have hired a U.S. auditor when they took over the shell and began preparing financials that met U.S. standards. Instead they will now have to hire an auditor who will have to reconstruct all periods in question.

So, I ask you, if they were intending on being a U.S. reporting company why on earth are they wasting money on financials that do not meet U.S. standards?

You want to know how much they have spent?

From June to December 118,653.33

Kind of throws the whole "trying to save money" excuse out the window doesn't it?