Update on Upcoming Financials
Posted by kcmholdings on June 7, 2012
Dear Investor Community,
The financials are in progress. As you know, because I inherited this responsibility, I am having to go back and figure some things out such as our financial pictures. Now that we are stabilized, I need to catch us up in the accounting area.
Our new accounting team reports that they needed to request our 2009 returns to properly file 2010 and 2011. This is in process. I should then have 2010 soon and begin catching up for 2011.
Thank-you for your patience as I sort through the confusion. Having a solid financial picture will be helpful to us all.
Again, still no word from the SEC. By this point I am completely boggled as to why. Quite possibly there are just higher priorities than us which I fully understand. Therefore patience and compliance are necessary. In the meantime, we are properly building our business model and are achieving small victores on a regular basis. Slow and steady will win this race.
Ed Kang
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