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  5. PAY: Payfare is currently under a CTO as (quoted from their press release) [Payfare Inc. Class A Common Shares]

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Q: Payfare is currently under a CTO as (quoted from their press release):

"The delay in the Annual Filings is due solely to the delay in receiving the System and Organization Controls (" SOC 1") auditor's report from its material vendor (the " Vendor ") which is required in order for the Company's independent auditors to complete their required audit procedures to issue their opinion"

How much of a concern or potential red flag do you view this to be?

Thanks
Asked by Scott on June 24, 2024
5i Research Answer:
It is possibly not as bad as investors think, as this news has been misinterpreted each time an...
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