Another Update with lies: Over the past many
Post# of 41414
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Posted On: 06/19/2018 3:56:12 PM
Another Update with lies:
Over the past many months, the Company has been unable to complete its audited financial statements and therefore file its periodic reports with the SEC. The SEC’s filing requirement is very strict and matter of fact. The Company decided that the better course, rather than trying to defend a defenseless proceeding with the SEC, would be to use those funds to concentrate on the Company’s filings. While the deregistration in not enviable, once the Company is able to complete its financial statements, the Company believes it will be able to have caught up in its filings even quicker than before the deregistration.
Tony's November 30 update said differently:
For the past year, we have aggressively tackled several issues that the company inherited from the previous management teams, including but not limited to, the unexpected liabilities that we have previously reported. Keeping this in mind, the company has nonetheless been able to complete the 2015 and 2016 audits which we are striving to release soon. Our capital raising efforts have been directly affected by the actions of the legacy company, however, we are confronting these issues head on in order to rectify them and concurrently continue to evolve into the company we aspire to become
Over the past many months, the Company has been unable to complete its audited financial statements and therefore file its periodic reports with the SEC. The SEC’s filing requirement is very strict and matter of fact. The Company decided that the better course, rather than trying to defend a defenseless proceeding with the SEC, would be to use those funds to concentrate on the Company’s filings. While the deregistration in not enviable, once the Company is able to complete its financial statements, the Company believes it will be able to have caught up in its filings even quicker than before the deregistration.
Tony's November 30 update said differently:
For the past year, we have aggressively tackled several issues that the company inherited from the previous management teams, including but not limited to, the unexpected liabilities that we have previously reported. Keeping this in mind, the company has nonetheless been able to complete the 2015 and 2016 audits which we are striving to release soon. Our capital raising efforts have been directly affected by the actions of the legacy company, however, we are confronting these issues head on in order to rectify them and concurrently continue to evolve into the company we aspire to become
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