The response from KJ as to $CDNL delays just seems like more of the same to me
lets break it down a little bit, i will comment in red and brackets
That is just my take on the statement, if indeed it does belong to KJ same old crap from KJ, January 2017 and here we are still full of promise promise promise.
Comments are welcome
lets break it down a little bit, i will comment in red and brackets
( lets get an up to date share count, who is the team now, how many employees are left)Quote:As you said, the updates are not enough but that doesn't mean nothing is happening. We are finishing a process on the financials that was short circuited in part by some of the actions of our former partner which included responsibilities for certain actions related to the financials ( Now this seems like trying to blame the Chinese for delayed financials when in truth the restatements could have been audited and released as these relate to a time before the Chinese were involved so i am not sure what they would have been responsible for on those). We are taking active steps to protect our IP and control US assets of HSVW ( seriously they are trying to control assets of HSVW, i am assuming the remaining cash that was in trust, not sure KJ has the legal muscle or money to win that fight). We are wrapping up the Dossier as part of the financing in Cameroon( that dossier must be enormous its been going on for ever). We are expanding our US work and pursuing specific US government opportunities( Details/filings please). We have resisted calls to begin a more active IR/PR campaign until people can see visible progress in filings.( or they have nothing to release and no financials are imminent)
I understand the frustration. Cancelling the SPA was necessary once we knew HSVW was not going to comply with the terms ( The Chinese pulled out because they were fed up waiting for the accounts to get in order more like). The time spent trying to push that issue now is going to getting our basics in front of the public and to move ahead.
There are no lies. As reported we have hired help, specifically around the Qs and Ks. The company that worked with us in the past is back on board specifically for the history and the calculation of derivative liabilities ( who is this company , how hard is it work out it takes over a year, what was the CFO doing for the last 8 months). We also brought in a company, that is also audit experienced for the push ( Three companies working on the financials and still not released, sounds expensive). There are other cleanup activities going on that will be reported as completed in 8Ks, some significant, some simple housekeeping. Far from starting over at square one; there is some reset because we want to have an extremely clear clean path forward. Contrary to some discussion out there I and the team still hold all our stock and still are pushing ahead commercially as well.
That is just my take on the statement, if indeed it does belong to KJ same old crap from KJ, January 2017 and here we are still full of promise promise promise.
Comments are welcome
