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Treaty Energy Corporation TECO
Posted On: 12/05/2013 5:25:19 PM
Post# of 39368
Posted By: TECO-IR
The answer is, as is. Whether you buy it or not isn't up for me to decide. We have submitted roughly 5 drafts to our auditors and each one has come back for corrections. We can't release the document without being signed off on by the CPAs. 

Both parties must agree to final figures. If one party dislikes what the party says, its open to discussion. Its a back and forth between the two with one looking at the numbers according to the GAAP and the other looking towards it as a presentation of financial status.

We hope to have it completed by the end of next week at the latest. Whether the auditors like that date or not, is dependent on their revisions. To assume that we don't want to release the document doesn't make sense from any stretch of the imagination. We would like to be OTCQB listed and would like to be able to present financial documents to any and all investors. 

I wish I could offer a better answer as to the exact hold ups, but I can't. Some answers are considered illegal and a violation of the auditing process.













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