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Edgewater Wireless Systems Inc V.YFI

Alternate Symbol(s):  KPIFF

Edgewater Wireless Systems Inc. is engaged in Spectrum Slicing technology for residential and commercial markets. The Company develops advanced wireless fidelity (Wi-Fi) silicon solutions, access points, and intellectual property (IP) licensing designed to meet the service needs of service providers and their customers. Its physical layer Spectrum Slicing allows a frequency band to be divided, or sliced, to enable more radios to operate in a given area. Its silicon solutions are products delivering multiple, concurrent channels of Tx and Rx from a single, Wi-Fi standard compliant radio. Its Spectrum Slicing powered products are designed to address the needs of carrier-class, high-density Wi-Fi for both residential and commercial deployments. Its products are designed with its comprehensive, user- friendly and intuitive Element Management System-EdgeNet, that offers service providers with flexibility in configuring and independently monitoring each 802.11 channel in the network.


TSXV:YFI - Post by User

Post by RoyallyScrewedon Aug 29, 2023 3:04pm
101 Views
Post# 35610411

Geez!

Geez!I just dropped by to see if the annual statements were released, and I find 3 pages of posts already. Then I discover that the reason is that "KPMG LLP (“KPMG”) identified a potential adjustment related to the accounting treatment of CDN$716,000 worth of convertible debentures issued by the Company on September 1, 2022"

It's been 3 months to fix that little mistake and they wait until the last minute and take a chance on not reporting on time? LOL, ok. The "accounting treatment" is also a year old. That means 3-4 QR's were done without catching the mistake? Or is there more to this than meets the eye?

I wonder if KPMG is ok with this NR?
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