A possible reason for this small delay?
Thank you for your excellent post which has made me think of something else.
I think it would be extremely unlikely that Airtrona is not already profitable.
I believe VERY strongly that the only delay with the financials is the delay of normal things.
Jim Cairns, and Ken Dehon both operated the two largest Airtrona franchises, and the two most profitable. I read this somewhere but honestly cannot remember where. It was in some kind of press release that came out when the reverse merger was announced.
Jim Cairns, is based in Canada. Newstd has met him at a trade fair in Ontario and his post which is stickied is based on his lengthy conversation with Jim Cairns at that trade fair. It is deeply insightful as to what type of company Airtrona really is, amnd where it is hoping to go in the near future.
Ken Dehon, runs the Florida based Airtrona franchise. Ken trains his new franchisee's himself. Yes really.
These two men are hands on directors of their company. They are deeply invested in ensuring the success of their reversal into CCRY. You don't reverse a profitable franchise into a listed company unless you have much bigger plans for it.
They are actually busy moving forward on their business plan. I presume they have attorneys and accountants working on sorting out the financials while they are actually running the company.
So basically, Jim and Ken decided to go into business together as the two largest and most profitable Airtrona franchisee's and buy the rights to the franchise world wide and start a listed company.
Remember, the accounts maybe a little bit more difficult to merge together - there will be one accountant working on the Canadian Airtrona'a accounts, and one working on the Florida Airtrona's accounts.
So the accounts will be prepared under two different reporting jurisdictions, for this time.
Amalgamating them into one set of accounts will take some work That is all. Best to get it right first time in my view.
So both of them made a living from their respective franchises.
That means, there's money in the bank doesn't it? So they can draw down funds, to pay themselves a salary, so they can feed their families and pay their rent and so on doesn't it.
So, I'd guess that the work is almost done, and that things are going to start moving in the next two weeks.
All in my opinion of course, bit it all makes good sense to me.
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