Value Microcaps Motherboard

[abh3vt]

G, in all honesty I think Minch is either uninformed or has gotten bad advice. Many listed stocks (NYSE, AMEX, Nasdaq) put out full income statements with their earnings releases LONG before their numbers get audited for the y/e 10k. Plus, what about Q1, Q2 and Q3?? No audits there, and yet many companies still put out full income statements and balance sheets....

He's also being a bit disingenuous with regard to his own PRs: they put everything in there but the kitchen sink:

EBITDA
Sales by division
Net income
Depreciation
Interest exp
Net eps

But they can't put the full income statement in?? Cmon.....
I don't need to see the ACTUAL income statement, only the company's good faith approximation of what it will be.

Honestly, how much more info is contained in the income statement that might be reversed by the accountants? And if he were so worried about using unaudited numbers, why is he showing such minute detail?

As you can see, this is a real pet peeve of mine LOL.