by the end of the month, you will not recognize yo
Post# of 11107
Posted On: 06/08/2015 7:51:39 PM
Re: igotgame2star #6290
by the end of the month, you will not recognize yourself.
Big changes a' coming...
MY PREDICTIONS:
THIS WEEK: eTrade mess gets cleaned up
NEXT WEEK: Certs options get clarified and voting options are made public
EOM: We break through 5c as we here about more business deals or finalize on the details of the previously announced 6.5M deal.
That is my bet. Not sure if it is too aggressive, but, should be achievable given the talent on hand. I wouldn't count on certs issue being resolved until August at or around our first financial filing.
In the broader scheme, I am wondering how we are planning on getting SEC current with GAAP compliant financials. I wonder how far back in the accounting records do we need to create to be able to uplist? I wonder if we have any baggage to deal with from the simplified balance sheet approach that PV employed.
I suspect we do and wonder if there is a plan to get there and how many months will it take? my bet is on 6 months, but, do we start with the upcoming Q and work backwards? Or, do we Adjust FY2015 10K with a GAP compliant EDGAR certified/audited starting point? My gut tells me that we can start with Q1 and go from there with no worries of the past financials, but, I would hate to be having the conversation next year that we can't proceed with a FY16 audit until the FY15 books are cleared. if that is the case, the audit will take twice as long, cost twice as much and put us in the "limited information" stage for a few months. while it gets sorted out. If we get an opinion now, plan accordingly and execute audited and reviewed fins moving forward, we might be able to uplist within the next 12 months rather than waiting for the end of next summer.
The reason this is important is that SEC compliant fins are our ticket out of the pinks and away from the drivel of the bashers.
JMHO.
Big changes a' coming...
MY PREDICTIONS:
THIS WEEK: eTrade mess gets cleaned up
NEXT WEEK: Certs options get clarified and voting options are made public
EOM: We break through 5c as we here about more business deals or finalize on the details of the previously announced 6.5M deal.
That is my bet. Not sure if it is too aggressive, but, should be achievable given the talent on hand. I wouldn't count on certs issue being resolved until August at or around our first financial filing.
In the broader scheme, I am wondering how we are planning on getting SEC current with GAAP compliant financials. I wonder how far back in the accounting records do we need to create to be able to uplist? I wonder if we have any baggage to deal with from the simplified balance sheet approach that PV employed.
I suspect we do and wonder if there is a plan to get there and how many months will it take? my bet is on 6 months, but, do we start with the upcoming Q and work backwards? Or, do we Adjust FY2015 10K with a GAP compliant EDGAR certified/audited starting point? My gut tells me that we can start with Q1 and go from there with no worries of the past financials, but, I would hate to be having the conversation next year that we can't proceed with a FY16 audit until the FY15 books are cleared. if that is the case, the audit will take twice as long, cost twice as much and put us in the "limited information" stage for a few months. while it gets sorted out. If we get an opinion now, plan accordingly and execute audited and reviewed fins moving forward, we might be able to uplist within the next 12 months rather than waiting for the end of next summer.
The reason this is important is that SEC compliant fins are our ticket out of the pinks and away from the drivel of the bashers.
JMHO.
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