PTOP
Hires an Audit Firm and Has Made Payment For Audit To Commence -
PTOP IS Pink Current
Cambridge, MA -- April 19, 2023
-- InvestorsHub NewsWire -- 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.
