$PSGR OK... I am a bit confused. Today, Pershing R
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Posted On: 12/03/2018 9:07:33 AM
$PSGR OK... I am a bit confused. Today, Pershing Resources issued another Press Release (see below). The information provided indicated that Pershing Resources hired another accounting firm to audit its financials...that had previously (allegedly????) been audited.
PERSHING RESOURCES ANNOUNCES ENGAGEMENT OF UHY LLP AS INDEPENDENT AUDITORS
December 03, 2018
RENO, Nev., Dec. 03, 2018 (GLOBE NEWSWIRE) -- Pershing Resources Company, Inc., (OTC PINK: PSGR), is pleased to announce that it has retained UHY LLP, a licensed CPA firm, (https://www.uhy-us.com/), to serve as the Company's independent auditors. The decision to engage UHY was based on the Company's preference for a PCAOB accounting firm with national recognition and a strong regional presence that also has significant experience working with emerging growth companies.
Steve Plumb, CEO of Pershing Resources stated, "We are pleased to have engaged UHY as our independent auditors. We are diligently working towards having UHY complete an audit of our financial statements for the fiscal years ended December 31, 2016, December 31, 2017 and a review of our quarterly financials for the period ending September 30, 2018. We would like to thank Goldfine & Company CPAs for getting us to this important juncture in our Company’s development.” Mr. Plumb continued, “Going forward, our intention is to release our financial statements on a timely basis and have our annual financial statements audited by a nationally recognized firm. These actions are part of our plan to provide timely and accurate disclosure to our stockholders and further increase the transparency of our operations.”
What was missing from the prior audit(s) (see below)?
August 13, 2018
The Company Is Now Eligible to File Regulation-A+ Offering Statement as Tier Two
RENO, Nev., Aug. 13, 2018 (GLOBE NEWSWIRE) -- Pershing Resources Company Inc., (OTC PINK: PSGR), announced that an independent auditor has completed the audit of its Consolidated Annual Financial Statements for the fiscal year ending December 31, 2017. The Company's auditor, Goldfine & Company CPAs, has now completed two consecutive years of the audits of the Company's financial statements within the guidelines of Generally Accepted Accounting Principles, (GAAP). Goldfine & Company, (http://www.goldfinecpa.com/), is a PCAOB registered accounting firm.
The Company's audited financials can be viewed on the OTC Markets website at www.otcmarkets.com/stock/psgr/disclosure or on Pershing Resources' corporate website at https://ir.pershingpm.com/otc-filings.
With the completion of two years of audited financial statements, the Company has now passed a major milestone to be eligible to file its offering statement as a Regulation A+ Form 1-A, Tier Two classification. The Company anticipates filing its offering statement through the EDGAR System for review by the SEC in the third quarter of 2018.
Pershing Resources' CEO Steve Plumb stated, "As we move through the process of getting the Company ready for what we believe will be an exciting period of growth, the completion of two years of audits has been a key goal for us. We are very pleased to have completed this critical second piece of our initial audit and we are hopeful that we can now complete the regulatory review process of our offering statement in 2018.”
The wording of the AUGUST 132018 Press Release:
'Pershing Resources Company Inc., (OTC PINK: PSGR), announced that an independent auditor has completed the audit of its Consolidated Annual Financial Statements for the fiscal year ending December 31, 2017. The Company's auditor, Goldfine & Company CPAs, has now completed two consecutive years of the audits of the Company's financial statements within the guidelines of Generally Accepted Accounting Principles.',
'...has completed its Consolidated Annual Financial Statements for the year ending December 31, 2017.' '....has now completed two consecutive years of audits of the Company's financial statements...'
I beleve the understanding for the Goldfine & Company audit(s) was that it IS a PCAOB registered accounting firm. This pretty much fits the requirement for '... the Company has now passed a major milestone to be eligible to file its offering statement as a Regulation A+ Form 1-A, Tier Two classification.'
Was the ORIGINAL AUDIT less than required..."We are very pleased to have completed this critical second piece of our initial audit and we are hopeful that we can now complete the regulatory review process of our offering statement in 2018."????????
Was the ORIGINAL AUDIT incomplete; inaccurate; misleading; non-conforming; a stall tactic?????? Was Pershing Resources naïve and lacking the knowledge and understanding of what was required for the submittal(s) to go through the review process???? Did shareholders get stuck paying the bill for a service that went nowhere???? Does this mean that the (ahem) time table to start production has been further delayed????
ACTIONS AND RESULTS!!! NO MORE BS!!!!!!
PERSHING RESOURCES ANNOUNCES ENGAGEMENT OF UHY LLP AS INDEPENDENT AUDITORS
December 03, 2018
RENO, Nev., Dec. 03, 2018 (GLOBE NEWSWIRE) -- Pershing Resources Company, Inc., (OTC PINK: PSGR), is pleased to announce that it has retained UHY LLP, a licensed CPA firm, (https://www.uhy-us.com/), to serve as the Company's independent auditors. The decision to engage UHY was based on the Company's preference for a PCAOB accounting firm with national recognition and a strong regional presence that also has significant experience working with emerging growth companies.
Steve Plumb, CEO of Pershing Resources stated, "We are pleased to have engaged UHY as our independent auditors. We are diligently working towards having UHY complete an audit of our financial statements for the fiscal years ended December 31, 2016, December 31, 2017 and a review of our quarterly financials for the period ending September 30, 2018. We would like to thank Goldfine & Company CPAs for getting us to this important juncture in our Company’s development.” Mr. Plumb continued, “Going forward, our intention is to release our financial statements on a timely basis and have our annual financial statements audited by a nationally recognized firm. These actions are part of our plan to provide timely and accurate disclosure to our stockholders and further increase the transparency of our operations.”
What was missing from the prior audit(s) (see below)?
August 13, 2018
The Company Is Now Eligible to File Regulation-A+ Offering Statement as Tier Two
RENO, Nev., Aug. 13, 2018 (GLOBE NEWSWIRE) -- Pershing Resources Company Inc., (OTC PINK: PSGR), announced that an independent auditor has completed the audit of its Consolidated Annual Financial Statements for the fiscal year ending December 31, 2017. The Company's auditor, Goldfine & Company CPAs, has now completed two consecutive years of the audits of the Company's financial statements within the guidelines of Generally Accepted Accounting Principles, (GAAP). Goldfine & Company, (http://www.goldfinecpa.com/), is a PCAOB registered accounting firm.
The Company's audited financials can be viewed on the OTC Markets website at www.otcmarkets.com/stock/psgr/disclosure or on Pershing Resources' corporate website at https://ir.pershingpm.com/otc-filings.
With the completion of two years of audited financial statements, the Company has now passed a major milestone to be eligible to file its offering statement as a Regulation A+ Form 1-A, Tier Two classification. The Company anticipates filing its offering statement through the EDGAR System for review by the SEC in the third quarter of 2018.
Pershing Resources' CEO Steve Plumb stated, "As we move through the process of getting the Company ready for what we believe will be an exciting period of growth, the completion of two years of audits has been a key goal for us. We are very pleased to have completed this critical second piece of our initial audit and we are hopeful that we can now complete the regulatory review process of our offering statement in 2018.”
The wording of the AUGUST 132018 Press Release:
'Pershing Resources Company Inc., (OTC PINK: PSGR), announced that an independent auditor has completed the audit of its Consolidated Annual Financial Statements for the fiscal year ending December 31, 2017. The Company's auditor, Goldfine & Company CPAs, has now completed two consecutive years of the audits of the Company's financial statements within the guidelines of Generally Accepted Accounting Principles.',
'...has completed its Consolidated Annual Financial Statements for the year ending December 31, 2017.' '....has now completed two consecutive years of audits of the Company's financial statements...'
I beleve the understanding for the Goldfine & Company audit(s) was that it IS a PCAOB registered accounting firm. This pretty much fits the requirement for '... the Company has now passed a major milestone to be eligible to file its offering statement as a Regulation A+ Form 1-A, Tier Two classification.'
Was the ORIGINAL AUDIT less than required..."We are very pleased to have completed this critical second piece of our initial audit and we are hopeful that we can now complete the regulatory review process of our offering statement in 2018."????????
Was the ORIGINAL AUDIT incomplete; inaccurate; misleading; non-conforming; a stall tactic?????? Was Pershing Resources naïve and lacking the knowledge and understanding of what was required for the submittal(s) to go through the review process???? Did shareholders get stuck paying the bill for a service that went nowhere???? Does this mean that the (ahem) time table to start production has been further delayed????
ACTIONS AND RESULTS!!! NO MORE BS!!!!!!
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