RE:RE:RE:No financials released since Decemberempress9 wrote:
ScarletSpider wrote:
you sure make a lot of noise. While it is true the company hasnt filed financials since December they must have either made arrangements or will be in violation of not doing so in which case the regulators will come down on it. I was involved a few companies that were behind and eventually got caught up and straightened things out and it worked out fine. The equities from my recollection still traded but the insiders were restricted from trading theirs again as to my recollection and this is going some time back. There is strong enough support in a tight .20 to .21 level from all thr shares that i see piled up on the bid and ask so the worst case is it breaks down a few cents below .20 to .17/,18 which if it does it does. The company is most likely waiting for the revenue stream to kick in and tabulaye everything in terms of all the raises in conjunction with the revenue to give a more complete and accurate financials than putting something out only to have it redone and create confusion. Providing this is the case and they get things done in a timely manner it will be quite the opposite than all the noise you are trying to create. As with the pre sales and as to what i said about the hard numbers with the company waiting to report them when everything is signed sealed and delivered i fully agree with that...the two go hand in hand so again quite the opposite. Oh by the way the company has corporate lawyers who instructs it as needed and when the time it will have their accounts do the books with the info the company gives to them so it is best for management to hold off as they have been doing get all the booked revenue figured out as it flows in the proper quarters and carry on from there. So far you are making noise that is much ado about nothing but sure this is something to keep an eye on and if one feels doubtful handle their position accordingly as for keeping things straight well thats what the company is doing as far as what i can see. I would do the same thing let everything settle down and properly gather all the information and take it to the account all neat and clean so it makes it easier for them to deal with not asking for missing pieces or trying to extrapolate info to get the financials out in a rush giving people not the right documents to work off of. Some accountants may qualify things and get the records out others will say sorry we cant do your books without those numbers. In any case one way or the other it will come and it will be up to the company as it most likely has been since December to delay filings with the regulators and if not well the stock may continue to trade with restriction on insider trades or a halt in which will not make retailers happy so if people are as overly concerned about this well do what you need to do what else can someone who has read your noisy post say in response to it.
my god.
paragraph.
I agree, way too long for the message, I would summarize it as follows: The company could be waiting for more data to finalize their financials, have seen this before and given the nature of the business that they are in, it is not surprising.
Cheers,
C