Auditorgate
posted on
Mar 16, 2009 11:48AM
Engineering, procurement, construction & management of crude oil refineries.
I have learned this morning of the progress with our auditors, Mckay partners .
An offer has been submitted to settle in full our outstanding bill. It is a compromise proposal, issued by WWf management to resolve the stalemate. I believe it is a more than fair offer on our part. The offer was submitted Wednesday last and corresponsdence has since been exchanged.
Should this fail I will be sending a message myself to Mckay outlining our reasons as shareholders that they should accept. The difference is relatively nominal to a long battle and the costs and distractions involved. It is good business sense to get this resolved immediatly, for both parties.
I have no knowledge of the details of this offer, other than it has been made. It is not a reflection on the status of the pp either. Similarily I have no news one way or the other on this.MF will issue a NR in short order I am assured when news is finalised as to these events.
This morning some shareholders recieved news of CNSX from the WWF office. I am hoping this iis an inkling of future events
This is not an official company news release. I have done my level best to verify these statements for all of us
royrogers