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Posted On: 03/03/2022 1:56:17 PM
Post# of 22462
Yes. It's just a coincidence. If it wasn't, it wouldn't have taken a month between the vote and the opinion. The simple fact is that there is nothing in GAAP that would have prevented an auditor from issuing an opinion based on the fact pattern you described. It's hardly a unique situation. It's not even the first time QMC's share commitments have exceeded their availability under the A/S. It's noted in multiple old K's.
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