RE:RE:RE:correct me if I'm wrong Maybe not an error. If they are serious about a Nasdaq listing, maybe they finally decided last minute to present financials the same way peers do. Net revenues, equipment depn. included in cost of revenues, change to USD reporting.
From: Xxxxxxxxx
Date: January 19, 2021 at 3:12:50 PM MST
To: Cole Stevens <cole.stevens@myphm.com>
Subject: Apria IPO
Hi,
I notice that Apria reports net revenues like other peers Viemed and Adapthealth. I really think Protech should do the same thing. Also, the peer group includes equipment deprecation in costs of revenue.
EStreet wrote: "If there was a sudden realization that there were errors in the financials would they have responded in this manner?"
I think this is exactly what has happened, they were trying to re-do an 11th hour correction in the financials and ran up against today's deadline. Hopefully they can resolve it over the course of the day and will release the updated financials after the market closes today, trading will resume as per normal on Monday,,. If a company misses the filing date by more than a day, it must file for a late notification and explain why it was late?
Future Aquisitions or material events dont negate a companies responsibilty from filing past finacials unless there is some impact on them from that period,,.