Replies to post #25676 on Carlton Companies, Inc. (fka CTNO)

[slawmd27]

Would it make sense for a company to wait long enough so that the audited financials would not be required to contain prior ownership's activities or the act of a reverse split? If so, then at what point in time or what date on the calender would best for CTNO to submit their financials?

[Billiam_2]

CM has owned the company for over 3 years. The financials would be clean because of no business and no debt. The R/S would not hurt our chances, rather increase them. Our O/S is perfect for a R/M.

[wallwizz]

it could have 10 reverse mergers behind it, behind is the key word. it's the business plan that sells the merger. the financials should already be current thru 2010, the taxes has to be done, if he was selling any a 1099 would have to be submitted with his taxes. cm and larocco can get this current via un audited financials at the pink sheet level. higher tiers require audited financials and that comes with a hefty price tag. if i was selling this to some private company to go public, all i would do is hand over the unaudited statements and any 1099 forms from my personal taxes. if the new company wanted to take it to a higher tier the starting date of that merger would be when i started using a bonified cpa firm and from that day forward would be audited financials.