Post by
Jaytee123 on Sep 30, 2024 4:14pm
Meridien loan - uses for auditors
The primary use of these funds would be to settle outstanding bills for administrative staff and auditors in Canada and to meet the minimum capital requirements for our licenses in Spain and the USA.
Comment by
Jaytee123 on Sep 30, 2024 4:21pm
I think the cost for audits is at least $30,000 but could be off on that.
Comment by
Jaytee123 on Sep 30, 2024 10:01pm
Yep you take over a company with no auditors hired until 3 weeks ago when most audits take well over a month, plus no support in Spain where most revenue comes from. it's not their fault, but they will get it done IF it doesn't come by tomorrow. In the meantime the private placement will close shortly and things are moving forward. .