Wednesday, June 28, 2006
BakBone Software (BKBO) Announces More Waiting
...announced today that it has identified a number of sales transactions in different geographical regions which had product return or exchange rights and which were not previously considered in the Company's historical accounting policies. Accordingly, the Company has determined a detailed review and analysis of these historical sales transactions is required....The review itself will take 60 days. Then they will, I'm not making this up, "review the timeline to bring current the Company's outstanding financial statements." In other words, they'll try to figure out when stuff will get done.
That's it. The delays don't bother me all that much. The company's operations seem to be doing ok.