My 2 cents...fwiw Would I like to see an audit...
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Posted On: 03/31/2019 4:08:18 PM
My 2 cents...fwiw
Would I like to see an audit...? You betcha'...why?...because he promised his shareholders one & his credibility was/is on the line, not that I don't believe the filings. My first buys in Jan '18 were in the 5's...shortly before the audit was to be released. Wasn't the main reason I bought this ticker...but thought it would create some serious momo that would make my 5's quickly dark green...especially after seeing the first run that I wasn't able to join y'all in, but followed daily & cussed at myself because I wasn't a part of it. I was definitely disappointed when the audit didn't happen, because I was quickly dark RED...but took SB's explanation as a plausible reason why it didn't...in spite of how FUBAR it was communicated. I'm guessing less than 1% of pinkies are audited, because it isn't required this low on the OTC totem pole, it ain't cheap & most companies don't need an audit to show they are seriously in toxic debt & have never turned a profit. Fortunately, other than some "new" old debt, (ugh) we've pretty much climbed out of those cesspool depths. The verifiable release of our largest deal to date, that is slated to debut this week, "should" give investors a high enough degree of confidence that the lofty numbers from past deals in our filings are valid. For me, an audit would just validate filing numbers that I already believe to be true...for others prepared to invest big time bucks, a fully audited company is understandable. Based on what I suspect/hope will happen this week & because of how many balls SB is currently juggling...I'm prepared to give him more time to fulfill his promise of an audit. In my mind, the perfect scenario would be: PL/s released...Hexagon move completed...IR/PR firm hired...pps strong enough for move to higher OTC Tier...& however many yrs of audited fins needed to achieve the move up. If one is already in the works for last year...that would definitely be icing on the cake for me...as a move up would probably require the previous year or two.
Would I like to see an audit...? You betcha'...why?...because he promised his shareholders one & his credibility was/is on the line, not that I don't believe the filings. My first buys in Jan '18 were in the 5's...shortly before the audit was to be released. Wasn't the main reason I bought this ticker...but thought it would create some serious momo that would make my 5's quickly dark green...especially after seeing the first run that I wasn't able to join y'all in, but followed daily & cussed at myself because I wasn't a part of it. I was definitely disappointed when the audit didn't happen, because I was quickly dark RED...but took SB's explanation as a plausible reason why it didn't...in spite of how FUBAR it was communicated. I'm guessing less than 1% of pinkies are audited, because it isn't required this low on the OTC totem pole, it ain't cheap & most companies don't need an audit to show they are seriously in toxic debt & have never turned a profit. Fortunately, other than some "new" old debt, (ugh) we've pretty much climbed out of those cesspool depths. The verifiable release of our largest deal to date, that is slated to debut this week, "should" give investors a high enough degree of confidence that the lofty numbers from past deals in our filings are valid. For me, an audit would just validate filing numbers that I already believe to be true...for others prepared to invest big time bucks, a fully audited company is understandable. Based on what I suspect/hope will happen this week & because of how many balls SB is currently juggling...I'm prepared to give him more time to fulfill his promise of an audit. In my mind, the perfect scenario would be: PL/s released...Hexagon move completed...IR/PR firm hired...pps strong enough for move to higher OTC Tier...& however many yrs of audited fins needed to achieve the move up. If one is already in the works for last year...that would definitely be icing on the cake for me...as a move up would probably require the previous year or two.
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