Ray Barton is clearly an idiot. Or a liar. Or both.
It is FAR from "the same thing". Not even close.
Try convincing the SEC you can file a registration statement (which is required before a company can "relist" as you call it) with financial statements that have been "reviewed" because "it is exactly the same thing"!
Since they have not release last years numbers as "audited", It's called a review
LMAO....what BS...it's called a Review cause that is what it is...a Review and not an Audit...period, full stop. And not even a full Review at that. Read the Review Report as it appears to be limited in scope. Even Chieco says it is a compilation. The CPA says that no material modifications are required to make the FS in accordance w\GAAP. An Audit is much more than simply GAAP compliant FS.
we all knew that and posted about it frequently. yet Nick insisted there would be an audit. look at yesterday's tweets. so you have a choice between him lying or being clueless. how convenient for them to say this now when they've known this has been an issue in shareholders' minds for some time. and the actual gaap-eligible revenues vs. the Nick definition of revenue approaches 100% percent. almost impossible for it to be any higher.
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