PTOP Hires an Audit Firm and Has Made Payment For Audit To Commence - PTOP IS Pink Current
Cambridge, MA
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April 19, 2023 10:30 AM Eastern Daylight Time
McapMediaWire -- Peer To Peer Network a.k.a MobiCard Inc. (OTC: PTOP) - The auditors will audit the consolidated balance sheet of Peer to Peer Network Inc. as of December 31, 2022 and 2021, and the related statements of operations, comprehensive income, stockholders’ equity, cash flows, and schedules supporting those financial statements for the period then ended. Based on the audit, the auditors will issue a written report on the Company’s consolidated financial statements and schedules supporting the financial statements.
“I have been trying to advance the company forward and have been looking for alternative funding solutions for a while. As our shareholders know, I embrace transparency and I am trying to accomplish a few strategic objectives that are contingent on having an audit completed. I will continue to do right by shareholders. By getting auditors, we are just that much more transparent, and it will aid us in a few objectives at the same time,” stated CEO Joshua Sodaitis.
The objective of an audit of the financial statements is the expression of an opinion on the financial statements. Accordingly, the objective of our audit is the expression of an opinion about whether the Company’s financial statements are fairly presented, in all material respects, in conformity with accounting principles generally accepted in the United States.
The design and implementation of programs and controls to prevent and detect fraud and identifying and ensuring that the Company complies with applicable laws and regulations, and informing of any known material violations of such laws and regulations that would have an effect that is material to financial statement amounts or disclosures.
An audit includes performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of risks of material misstatements of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Organization's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Organization’s internal control.
An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. Examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used, and significant estimates made by management, as well as evaluating the overall financial statement presentation.
“If any shareholders want to help the company, this is the time. Getting an audit is one step closer to achieving multiple goals that I laid out in our annual letter to shareholders. We welcome the audit with open arms and will be glad to showcase the clean record PTOP has had under my management in 2021 & 2022. Even better news will be coming soon, too. I have been hard at work behind the scenes to do anything I can to advance the interests of the company. Don’t listen to the bears, as usual, I will prove them wrong again and again. Next week's news will be even better,” concluded CEO Sodaitis.
PTOP’s CEO plans to answer shareholder questions on the PTOP message boards on Thursday evening, so I encourage anyone with any comments, questions, or concerns to reach out on the message boards at www.ptopnetwork.com
Like us @MobiCard on Facebook. Follow us on Twitter @freemobicard
PTOP A new phase is coming soon.
Contact Info:
Joshua Sodaitis, Chairman & CEO MobiCard, Inc.
45 Prospect Street Cambridge, MA 02139
Phone: 1-617-481-1971
Email: info@freemobicard.com
Investor website: www.ptopnetwork.com
Safe Harbor Statement:
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company invokes the protections of the Private Securities Litigation Reform Act of 1995. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategies, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our filings at www.sec.gov. The company is no longer a fully reporting SEC filing company. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
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MobiCard, Inc.
