Where it began and where it could be going...https://medium.com/canamexgold/canamex-gold-corp-news-release-04-29-19-2b9b0f6112e
Appears to me the David Vincent is trying to make the "former auditor" look like they are at fault
for ultimately not meeting financial reporting requirements. Auditors don't just default on their obligations. This leads me to believe that David Vincent was already putting the former auditor at risk.
Check this out: https://www.manningelliott.com
I believe this is the former auditor that David Vincent said was the root of why financials were not released. Manning Elliott is a very good auditor. I have to believe Manning could not comply because of their findings within David Vincents operations/accounting.
I have dealt with numerious very large US auditors. When red flags appear, auditors will quickly distance themselves from potential liabilities brought on by their clients business practices. Either the client makes necessary business/accounting changes or the relationship is over. And the auditor will render that the financials cannot be relied upon. The opinion will be very adverse so that the reliant public cannot mistake the nature of how the auditor views the company being audited. Auditors typically represent many clients and are not about to put themselves in a position to be complicit in any adverse business practice that may jeopardize other client relationships that take years to develop.
Notice that there was an appointment of a new auditor and the financial reporting still did not come forth. Why is that?
Here is the newly appointed auditor: https://www.smythecpa.com/about/
Smythe CPAs out of Vancouver. This is a reputable auditor as is the former auditor Manning Elliott. Both are alive and kicking. They are thriving CPA firms because they do not hang around any client that can jeopardize their reputation.
In other words, the financial compliance cannot happen without the stamp of approval of a reputable auditing firm. I have to believe David Vincent has burned out his welcome, not only with these auditors, but any other prospective auditor. All an auditor has to do is contact these 2 auditors and they will not form a relationship with David Vincent and therefore Canamex. I have to also believe that David Vincent prior business dealings have made Canamex a hands off company. At this point, the BOD either makes the necessary change at CEO or fold the company.
I think it is just a matter of time for Canamex to be delisted. I think it is up to the BOD to put up or shut up. Will the price of gold in the ground cause the BOD to wake up and appoint a new CEO? I hate to say this but, if you are a shareholder there isn't a lot of hope riding on this. The only factor that may bring a ray of hope......literally.....is the price of gold continuing to eventually break the former all time high because there could be other miners with a good balance sheet looking for a slam dunk buyout deal. But any prospective buyer will want David Vincent out of the way and therefore demand the BOD make it so.
Anybody want to buy a mining company?