Greenshift Corporation (GERS)

[mainebuys]

While Pink sheets may not require an audit;
Public Companies
A publicly traded business is any company that is listed on an organized exchange so that it can sell ownership shares. In the United States, publicly traded companies must submit a Schedule 10-K to the U.S. Securities and Exchange Commission annually. The 10-K provides investors and regulators with an overview of the past year and details the business’s financial condition and long-term prospects. One of the elements required to complete the 10-K is to provide audited financial statements. The purpose of the audited financial report requirement is to ensure that the public can be completely comfortable that the information released by the public business is accurate. This is vital because otherwise the public is unable to verify the information. Public businesses also are required to submit quarterly reports, or 10-Qs, but this form does not require audited financial statements.