RE:RE:RE:RE:RE:RE:RE:RE:RE:MD&A Follow-up Wish ListDear Big Fat Truth,
You know not of what you speak.
Please refer to the press release of December 28th 2018. You will note that the company was forced to provide updates and corrections to several of its press dating back to late 2017.
Do you think this happened because the regulator was performing regular audits of their press releases? If you do, you better think again.
Shareholders and other stakeholders, suppliers for example, regularly provide the regulators with examples of what they believe to be corporate missteps where public disclosure is concerned. A few recent examples would be forcing the company to disclose the Notice of Allowance for its first patent and the second would be forcing the company to take at least partial action on the notice of early expiration of nearly 8 million warrants. There are more
The regulators are busy and vastly understaffed. Policing that many companies on a day to day basis is simply not practical.
Holding companies "accountable" as you put it is a very expensive proposition. One does not wish to take aim at the corporation per se but ratther the management. Management has a significant advantage unless and until the claim is worthy of and becomes part of a class action. The advantage is they have access to the funds of the corporation for defense against any claim(s).
Holding the company accountable is the most logical and valuable thing any shareholder can do, particularly in this case where there are so many "hanging chads" so to speak from the last 2 dozen or so press releases.
Good luck to you.