Post by
mingzhu on Nov 28, 2023 8:41am
it seems the delay is mainly due to AR confirmation
"We were able to connect the auditors with the last customer on their list for a virtual meeting late last week, and the final outstanding AR Confirmation letters from customers were received by the auditors on Friday. Our clients are busy healthcare professionals with more pressing clinical priorities, so this aspect of the audit has involved considerably more time than anticipated"
Comment by
Gangsterme on Nov 28, 2023 8:56am
After this is completed, all will have a complete understanding of the accounts receivable. Good or bad it will have be clear. I would imagine that this was a requirement not only by the auditors but also when issuing the new shares. The books will be totally clear and transparent. The company will move forward.
Comment by
Peggy123 on Nov 28, 2023 9:29am
. Our clients are busy healthcare professionals with more pressing clinical priorities, so this aspect of the audit has involved considerably more time than anticipated" Give me a break. Im sure thier" CLIENTS" have a office dedicated to address this
Comment by
mingzhu on Nov 28, 2023 12:42pm
some positives from the bad news: 1, no restatements. 2, definite date of filing set by auditors. 3, end of info gathering. 4, some good news are held up and will be released after the filing. 5, SP is not dramatical down even facing bad news. technically positive if you are traders
Comment by
mingzhu on Dec 01, 2023 1:58pm
it seems market agrees with me on some positives from bad news. If bad news no longer pushs down SP, it is a technical bottom . I added some shares soon after i saw the sign.