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ParcelPal Logistics Inc C.PKG

Alternate Symbol(s):  PTNYF

ParcelPal Logistics Inc. is a Canada-based courier and logistics company that specializes in last mile delivery service and logistics solutions. The Company connects people and businesses through its network of couriers in major Canadian cities, including Vancouver, Calgary, and Toronto, as well as in the western region of the United States. Some of its verticals include pharmacy and health, meal kit deliveries, retail, groceries and more. It provides a range of solutions, including warehousing solutions, next day delivery, same-day delivery and e-commerce integration. The Company offers logistics management services and supply chain solutions. Under warehousing solutions, it streamlines its transport products with warehousing to assist in meeting storage requirements. The Company offers delivery and logistics solutions for business to business, business to customer, and any other tailored creative solution its partners may require.


CSE:PKG - Post by User

Comment by skydiver069on May 17, 2024 3:47am
125 Views
Post# 36044816

RE:RE:Why should anyone invest fresh capital?

RE:RE:Why should anyone invest fresh capital?Thank you for uncovering this information..  It certainly has me question why ParcelPal has chosen to use a USA accounting firm with a history of "backdating" ... "he improperly prepared and added a new work paper to the audit documentation, backdated his sign-off and the engagement quality reviewer’s sign-off on the new work paper, and deleted a work paper from the audit documentation. Turner then provided the audit file to PCAOB inspectors without disclosing that it had been altered. When PCAOB inspectors asked about the new work paper, Turner acknowledged his conduct only in part and provided additional misleading information."

https://pcaobus.org/news-events/news-releases/news-release-detail/pcaob-sanctions-edward-turner-cpa-for-noncooperation-with-a-board-inspection-and-improper-alteration-of-audit-documentation

https://turnerstone.com/

Located in: Park Central
Address: 12700 Park Central Dr # 1400, Dallas, TX 75251, United States
Hours: Closed ⋅ Opens 9a.m.
Phone: +1 972-239-1660


Geez, if I was Rich Wheeless I would have sourced a Canadian firm in a nearby B.C city so that either myself or other company leaders could establish a rapport with the accounting staff via local meetings?  IMO this is how an accounting firm can gain a true understanding of the business objectives outside of just numbers.

Also, ParcelPal's current web page leads me to believe that the company is moving away from Logistics for 2024 and beyond.  Guess the company is predicting a Canadian financial breakdown like many Canadian economists.   Perhaps we'll gain a better understanding once the company website is updated. 

Either way, it appears the company has admitted the Logistics component the business will still be a financial drain.  This is disapointing as it demonstrated the foundation for Rich's abilities, hence why I am not jumping for joy over the AnyMining project.  Rich tossed out some $exy numbers, however, those are only for if and when the AntMining component is fully operatonal.  As I stated in the past, one just doesn't just plug these AnyMiner's in to a network switch, flip them on and expect them to communicate and function wiithout flaws.  That component of the business model won't be fully productive for some time - especially if they are going to be powered by Green Tech.

https://www.parcelpal.com/

ParcelPal Logistics Inc.

ParcelPal Logistics Inc. (“ParcelPal”) specializes in last mile delivery service and logistics solutions. We offer delivery and logistics solutions for B2B, B2C, and any other tailored creative solution our partners may require in North America and expanding globally. With our 100+ team members’ expertise in logistics operations, we are uniquely positioned to create a solution driven by you and your customer’s needs. Since 2016, we have serviced over 20 million deliveries for our partners.

Our 2024 and beyond focus is moving towards increased warehousing solutions and capabilities. This is going to start with clients in the crypto mining, hosting, and data centers.

With this, is going to come with a rebrand and a new and improved website coming this month.


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