InvestorsHub Logo
icon url

ajsollii

08/06/13 6:25 PM

#60184 RE: lchase01 #60183

With the audit scheduled to be completed on then16th, we may see a PR stating that the audit was complete. But you are correct. It's really the next couple PRs I'm looking forward to.
icon url

quikfix

08/06/13 6:39 PM

#60186 RE: lchase01 #60183

Makes sense, look at this March 4th (but document dated March 1st) filing. http://www.otcmarkets.com/financialReportViewer?symbol=SNDY&id=100290

It took about 1 week after the Feb 26th Stage 1 audit took place for SNDY to post this event on OTCMarkets.com on March 4th.
icon url

Verticalmojo

08/06/13 6:55 PM

#60188 RE: lchase01 #60183

Yes, that is just the day the Audit will be preformed.

I don't expect any thing from the company on that day. And if they don't release anything immediately after I wouldn't be surprised.

But, they will know the results themselves immediately after completion of audit if they receive ISO-13485, which means they are in compliance with the CE guidelines and requirements. At this point paperwork must be filled out and they must receive their certifications. In other words, there's nothing that will delay or stop the CE mark from being on their products at that point.

They will be CE mark approved after successful Audit stage 2.


Lets take a look on the time after Audit stage 1 before they released results....

Audit stage 1 date: Feb 26th, 2013
Officer/director released disclosure with results: March 1, 2013
Shows up on Investors Hub: 03/04/2013 @ 1:24PM

3 days, and released the next day to make it 4 (minus the weekend)

Officer/director released disclosure

That just gives folks an idea, nobody really knows when they will release anything. IMO, if it goes a week past that audit date without a PR I would be shocked.

We will see

GLTA