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poopscooper, some folks may believe that small public

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mortalmyth   Monday, 07/28/14 02:58:16 AM
Re: poopscooper post# 109649
Post # of 119010 
poopscooper, some folks may believe that small public listed companies such as PayChest don't have to be diligent and report complete and accurate financial information. The streets are littered with company execs who for one reason or another didn't furnish complete or truthful information in their filings, and their companies, and the shareholders, eventually paid the ultimate price. Just refer to the SEC website to see how many were busted for publishing and submitting fraudulent information, and subsequently died by having their ticker revoked.

The disclosure statement that CEO Pete signed in the last annual financial report is found on Page 16. It's pretty straight forward in its content and meaning. Does anyone REALLY believe that Pete would commit fraud by not including revenue in their reports if PayChest was actually selling product in SA for the last couple of years? I sure don't think he'd risk his livelihood on such a move. But, that's just me.

http://www.otcmarkets.com/financialReportViewer?symbol=PYCT&id=120132

Anyway, have a good one.


I am NOT a Financial Adviser. Nothing I post should be considered financial advice. I may be holding a long, short or no position. I am NOT compensated to post on here.
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