OTCQB:PACRF - Post by User
Post by
DanZim89on Jan 18, 2020 1:43pm
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Post# 30569084
Pac Roots + Metals Company
Pac Roots + Metals CompanyI emailed Paul Smith to see what was going on and got the following response:
"The Chairman and I spoke with the President of the numbered Company (now Pacific Roots) again late Thursday evening to get an update. All the financing is in place but for some reason there was a conflict between our respective auditors relating to what category to put two expenditures in. It should have taken 10 seconds to resolve but the senior partner for one audit company was away and couldn’t be reached to sign off on the matter, and by the time they went back and forth it consumed six weeks.
Although we had been told earlier that January 12th was the day, I’ve been assured this is almost finalized and should be complete within two (2) weeks.
In any event, I’m not overly upset at the timing given the state of the markets before Christmas. We all believe that 2020 will be a far more exciting year and we’re positioning ourselves for growth on both the cannabis and metals side.
It will probably take another six (6) weeks to get our new metals company listed on the TSX-V but the process is well underway at the moment.
Thanks you for your patience in this transaction but we can now see the light at the end of the tunnel and it’s not a train! "
I guess we'll see..