Wescorp Energy Inc WSCEE

RE: year end report?

[cerebus]

My take on the year end report is that due to the new rules and regulations regarding audits of financial statements the number of firms doing public company audits has been reduced and the amount of work required has increased.

As a result there are not enough auditors available to get them done in time for the annual filing.  As a result the OTC companies are going to be put on the bottom of the list and will be the last to file.  It is my understanding that the increase in OTC late filings is up substantially from the past.  I am also guessing that the Total Fluid acquisition in the 4th quarter only complicated things.  In the good old days of Nortel a company did not have to worry about writing down the value of recent acquisitions.  More complications also mean delay.