I agree about the lack of focus in PR lately... it has been all over the map, obviously trending toward and beyond PR for the sake of PR... but don't agree that the PR today on financial reporting s fits that mold.
They put out a PR saying they have an audit that is complete... and they are working on upgrading their reporting status with the pinksheets before posting the results.
That's fine. There wasn't a lot of blather laid on with ten different topics.
I don't know that it matters much that they are working on becoming transparent... when it seems that transparency in the organizational elements won't address problems with asset quality and operations... or the lack of them.
Still, need to have the same caveats applied on the audit as on the banking arrangements...
Let us see it first... and then we can parse what it means. Who performed the audit, and what is their track record... will it be a serious effort in reporting that makes meaninful information accessible, or will it be a "pay for play, tell us what to say" type of effort that shows only that there isn't a lot to show that really matters ?