Post by
tarsands on Jun 04, 2015 2:57pm
Loyalist auditors
According to Sedar their auditors are Collins Barrow LLP.
Now these guys are supposed too keep records of the quarter financials. So they should and by law i would assume , Q1 14 Q2 14 & Q3 14"s financial records. So they have the financials from January 1st 2014 up too and including Sept 30th 2014.
They should have those audited statements on record. So that is there starting point.
So it takes them what closing in on 6 weeks now too get 3 months of financials figured out?
I want shares in that company instead.
Comment by
britishcinnamon on Jun 04, 2015 3:02pm
We can always hope for a news release tonight, not a semi-weekly meaningless release, but a real one with information that we can use to assess the health of the company.
Comment by
60606060 on Jun 04, 2015 7:48pm
So Tarsands, you're saying this is the firm that has been on board doing the audits for each quarter for LOY. So, everything must be on-board (no surprises) and everyone should just relax as it's business as usual. The CFO f uped but the company is in good shape.
Comment by
Yun321 on Jun 04, 2015 8:23pm
My 68c bid get filled, now wonder if my 66c bid will get filled tomorrow.
Comment by
tarsands on Jun 04, 2015 10:52pm
Well since right on sedar site that Collins barrow LLP are their auditors. Are they not reviewing them each quarter and signing off on them? https://www.google.ca/url?sa=t&rct=j&q=&esrc=s&source=web&cd=6&ved=0CD4QFjAF&url=http%3A%2F%2Fwww.ryerson.ca%2F~iri%2Fpapers%2Fgpliu.pdf&ei=yg1xVaSXH9K0ogTynoCQAg&usg=AFQjCNFUyZUX3fz6AR02C1JGBXQshfX7hw
Comment by
nnneilio on Jun 05, 2015 1:42am
Per the quarterly filings on Sedar, the interim statements are not audited. That's not out of the ordinary tho, what's going on now is. My guess is there is some complications with consolodating the acquisitions that were made late in the year. Currency, intercompany sales, the state of the books of the companies they acquired could all be factors, but I'm just speculating.