Looking at the facts: Jan 2020 - Equip ships to I
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Posted On: 06/10/2021 5:28:12 PM
Re: Puravida19 #20036
Looking at the facts:
Jan 2020 - Equip ships to India project
Mar 2020 - India project put on hold revenue cannot be recognized
Jul 2020 - CFO acquires 10 million shares, Director 1 million
Oct 2020 - CFO said they were working on these reports
Dec 2020 - Notified by SEC to submit by April 30
Feb 2021 - $15M Equity investment with Pasaca plus $15M in revenue
Mar 2021 - Expands Leadership Team To Execute Growth Strategy
Apr 2021 - Settled a major court case
Apr 30 - Submitted reports thru 2019
May 2021 - CEO told us "the Team is working feverishly to submit reports"
May 2021 - Hired an SEC attorney
Based on the facts, I assume they are having trouble classifying some of the accounting entries, e.g., revenue, royalties, depreciation, etc.
Therefore, given Company Executives and Directors have the most to gain, IMO, once they get clarification, all the reports will be completed and submitted at once
Jan 2020 - Equip ships to India project
Mar 2020 - India project put on hold revenue cannot be recognized
Jul 2020 - CFO acquires 10 million shares, Director 1 million
Oct 2020 - CFO said they were working on these reports
Dec 2020 - Notified by SEC to submit by April 30
Feb 2021 - $15M Equity investment with Pasaca plus $15M in revenue
Mar 2021 - Expands Leadership Team To Execute Growth Strategy
Apr 2021 - Settled a major court case
Apr 30 - Submitted reports thru 2019
May 2021 - CEO told us "the Team is working feverishly to submit reports"
May 2021 - Hired an SEC attorney
Based on the facts, I assume they are having trouble classifying some of the accounting entries, e.g., revenue, royalties, depreciation, etc.
Therefore, given Company Executives and Directors have the most to gain, IMO, once they get clarification, all the reports will be completed and submitted at once
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