RE:RE:USO 2016 Q2 Earnings News ReleaseCompanies don't have their quarterly financials audited because it's very time consuming and very expensive so they do it once at year end. If every quarter were audited we wouldn't get any financials on any company for so many months in the future they would be rendered useless. Interim financials are only a snap shot of how a Company is doing.
You are an idiot. sceniccarp wrote: More proof this is a sham company.
CALGARY, ALBERTA--(Marketwired - Aug 22, 2016) - US Oil Sands Inc. ("US Oil Sands" or the "Company") (TSX VENTURE:USO), an innovator of oil extraction technologies, today announced that it has filed its UNAUDITED interim financial statements ("Interim Report") for the three and six-month periods ended June 30, 2016 ("Q2 2016") along with the management discussion and analysis ("MD&A") of the financial results of US Oil Sands for such period.
Key Word: UNAUDITED
Defenition: An unaudited financial statement is one that you have not subjected to an independent verification and review process. Your financial statements remain unaudited until they are scrutinized and approved by a certified external auditor.
In short, the information they give is worthless until it is audited and verified. They can pump their earnings(there are none) or the projected earnings(that's called hope) and then say sorry when the truth comes out. In the mean time...suckers lap up the BS and buy their stock while insiders are dumping it.
Always..always wait for audited financials. Then watch Market Reaction.
My Opinion: This company disappears within the year or goes to .0001 before year end.