Saturday, October 10, 2015 4:01:14 PM
What do we require Bill and Shelly to provide to us, in that case, in return for the extra $30K above the Preferred share repurchase price?
I have invested hundreds of hours of my time on the financial records cleanup and analysis. PIVX issued shares to other people who helped with that effort, also.
The bottom line is that there is no need for audited financial statements other than to 1) qualify for credit, or 2) register shares with the SEC, or 3) offer new shares to the general public under Regulation A+ of the JOBS Act, or 4) compute and pay dividends after the company is substantially profitable.
Prior to one of those four events, an auditor opinion regarding the accuracy of the financial statements and the adequacy of internal financial controls accomplishes nothing new.
One could argue that audited financial statements might help the public stock price, which in turn might help attract new private investors at reasonable valuations. But in reality that's not how private investors decide to invest -- that's how toxic lenders and penny stock scammers decide to invest.
Recent ADIA News
- Nutrition Company Trading Higher on Line of Credit and Strategic Expansion • AllPennyStocks.com • 07/25/2024 04:40:00 PM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 06/18/2024 01:17:23 PM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 06/10/2024 07:15:08 PM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 05/24/2024 08:14:33 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM