The SEC helped them reach a path on which to proc
Post# of 67987
(Total Views: 343)
Posted On: 04/05/2021 12:08:51 PM
The SEC helped them reach a path on which to proceed with the auditing process, but the actual green light to file is ALWAYS dependent on the auditing firm signing off on the results. That takes time. They won't sign off until they are certain everything is final and accurate. Here is exactly what was said in the PR:
"As previously announced, the Company changed audit firms some months ago. In working with the new audit firm, some difficult accounting questions were encountered in connection with the acquisition of the assets of Raw Pharma LLC. The Company and its auditors interacted with the U.S. Securities and Exchange Commission (SEC) on these questions. After discussion with the SEC and with the answer to these questions, the Company and its auditors have a clear path to completion of the audit process. The Company is now in the process of moving forward as quickly as possible to complete and file the Form 10-Q documents for the second and third quarters of 2020."
"As previously announced, the Company changed audit firms some months ago. In working with the new audit firm, some difficult accounting questions were encountered in connection with the acquisition of the assets of Raw Pharma LLC. The Company and its auditors interacted with the U.S. Securities and Exchange Commission (SEC) on these questions. After discussion with the SEC and with the answer to these questions, the Company and its auditors have a clear path to completion of the audit process. The Company is now in the process of moving forward as quickly as possible to complete and file the Form 10-Q documents for the second and third quarters of 2020."
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