The Company corrected its financial reporting issues, was forced to take legal action against their previous CPA accounting firm and will be temporarily listed on the Pink Sheets until the audit is complete
LAS VEGAS, NV, June 05, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Player’s Network, Inc. (OTCQB: PNTV), a rapidly growing company in the adult use and medical marijuana industries in Nevada and in Jujuy, Argentina, announced today it has replaced accountant Todd Peterson (ksne2enterprises) with new financial adviser Barry Hall.
Many of the Company’s shareholders are aware the Company was late filing its second and third quarter 2018 filings, which had a negative impact on the company’s stock price despite positive news of its unprecedented Argentina deal. Shareholders were not aware of are the reason(s) the filings were late, which have now been remedied with the termination of Mr. Peterson, and the hiring of Mr. Barry Hall. Mr. Peterson withheld PNTV’s books and records, accounting papers and related documents critical to the company’s filings, forcing the Company to file a complaint in Nevada State District Court to obtain the essential documents being held by Mr. Peterson. The Company has moved forward to sue for damages and has experienced delays in filing its year-end audit (10K).
On March 28th the court ordered Mr. Peterson to turn over all documents to the Company by March 29th. With those documents and the hiring of Mr. Hall, the company’s year-end audit and filings are nearly completed. The company did not start its audit until early April, and it usually takes about 2 ½ months and due to the late start, everything should be wrapped up in the next few weeks and back on the OTCQB.
Barry Hall comes to PNTV with a tremendous amount of experience in the public markets. Mr. Hall has served in