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Posted On: 08/15/2017 5:39:50 AM
Post# of 11803
AUDITING...
The company’s stock currently trades on the OTCMarkets OTC Pink Current tier of the market. The company’s shares are DTC eligible. On May 12, 2015 the company made an application for a tier change to the OTCQX (common) tier. When the company’s common stock fell in price beneath the $.10 threshold, and when our sponsoring broker shuttered his operation, our application went into hiatus. Subsequently, we have been in contact with OTCMarkets and we plan to revive our application, and to that end we have filed for uplist on OTCMarkets as an Alternative Filer. This uplist will move the company’s stock listing to the OTCQB level. The company has received a tentative approval for this uplist pending an audit of the company’s 2016 balance sheet. In July 2016 the company contacted several auditing firms and has received two engagement letters for our Board’s review. Most recently we contacted our former auditor (dating to 2011) and with whom we shared an excellent working relationship. This firm has settled its differences with the U.S. PCAOB owing to a rogue accounting partner who remains barred. We expect to receive their engagement letter and if forthcoming, the Board of Directors would approve their engagement.
The company’s stock currently trades on the OTCMarkets OTC Pink Current tier of the market. The company’s shares are DTC eligible. On May 12, 2015 the company made an application for a tier change to the OTCQX (common) tier. When the company’s common stock fell in price beneath the $.10 threshold, and when our sponsoring broker shuttered his operation, our application went into hiatus. Subsequently, we have been in contact with OTCMarkets and we plan to revive our application, and to that end we have filed for uplist on OTCMarkets as an Alternative Filer. This uplist will move the company’s stock listing to the OTCQB level. The company has received a tentative approval for this uplist pending an audit of the company’s 2016 balance sheet. In July 2016 the company contacted several auditing firms and has received two engagement letters for our Board’s review. Most recently we contacted our former auditor (dating to 2011) and with whom we shared an excellent working relationship. This firm has settled its differences with the U.S. PCAOB owing to a rogue accounting partner who remains barred. We expect to receive their engagement letter and if forthcoming, the Board of Directors would approve their engagement.
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