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Monday, May 16, 2016 2:59:37 PM
"A highly detailed person makes sure these things are right the first time."
OK, but I've never been a highly detailed person, and never will be. In my experience the details can be important in a smooth running business, but are nearly irrelevant in a startup. Birthing is inherently a messy affair.
The 2008 financial crisis was not caused by balance sheets with arithmetic errors, late filings or other simple accounting errors. It was caused by gross negligence, and that's what I'm looking to avoid in a start-up business. Errors in DECN's financial statements have been brought up every few months since I first invested in DECN in late 2013. Other than implied causes of impending death spirals and immanent sub-penny share prices, they haven't resulted in ANY impact that I could discern. They may have instilled FUD in potential investors, but that's not one of my objectives.
If the financial statement errors are extremely important to you, that's OK. Like I said, we appear to live in different worlds. But if your trying to assert that I "should" be vitally concerned with arithmetic mistakes, you're dead wrong.
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