RE:What happened to our bi-weekly updates I contacted the IR firm Square Corners or Cubic Zirconium or whatever. He seemed a bit annoyed that so many people were asking what was going on. He informed me that the audit committee had not yet gone to China. Yes, they had received the chop or business seal; but the auditors were still waiting on something that he was unwilling to tell to us lowly shareholders.
I asked also about whether the dividend would be forth coming at the end of July. His response was that the board was meeting to discuss this matter right away.
So what could the auditor possibly be waiting for?
To me it seems obvious. The auditor has the power to ask the big questions. If he does not like the answers he keeps right on asking until he is completely satisfied. If there is anything that does not meet auditing standards he rejects until the books are clean.
So, what is the problem????
B&D