Posted On: 05/22/2015 2:33:20 PM
Post# of 430
Agreed
You are 110 % correct
But still, the only things to audit on their statements are like these :
(i) shares issued
(ii) employee compensation in shares issued
(iii) employee compensation in share options issued
(iv) employee compensation in deferred cash payroll
(v) loss numbers ( negative operational income )
(vi) which forms are necessary ?
(vii) are the signatures and address correct ?
(viii) are the dates correct ?
Not a complete list but you get the idea.
WITH NO PRODUCT, NO SALES and NO FREAKIN' REVENUE, there is not much there to audit.
Minimal cost IMO. ...... But, as you point out, not much is as big as A LOT when you are broke and struggling. ...... Been there. ...... And not going back there even if MDRM fails completely !
Until
You are 110 % correct
But still, the only things to audit on their statements are like these :
(i) shares issued
(ii) employee compensation in shares issued
(iii) employee compensation in share options issued
(iv) employee compensation in deferred cash payroll
(v) loss numbers ( negative operational income )
(vi) which forms are necessary ?
(vii) are the signatures and address correct ?
(viii) are the dates correct ?
Not a complete list but you get the idea.
WITH NO PRODUCT, NO SALES and NO FREAKIN' REVENUE, there is not much there to audit.
Minimal cost IMO. ...... But, as you point out, not much is as big as A LOT when you are broke and struggling. ...... Been there. ...... And not going back there even if MDRM fails completely !
Until
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