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Re: Wesley Smith post# 13272

Saturday, 01/07/2017 9:21:09 PM

Saturday, January 07, 2017 9:21:09 PM

Post# of 77800
When a company reports is one thing but generally within 10 working days the P & L results are known internally LESS maybe accruals for a quarter! Our company has a simple product line with minimum skus, sold via the internet using credit/cash type facilities(this is almost Quick Books accounting). The simplicity of the products, presumed float, lack of huge long term debt and the ability to participate in an industry segment that is at the forefront of exploding and has an estimated 59% compound growth rate is the excitement and intrigue.
Year end (annuals) may take longer to close especially if one has to schedule an accounting firm for a review or audit however that is usually scheduled in advance. In our case any tedious financial activities that involve closing down a division, writing-off bad debts or so called extraordinary postings are handled, generally within 5 working days after a normal close? They have known the shipments/revenue since at minimum 5 working days subsequent to the quarter's end.
My experience at the reporting level goes back to 1983 in public companies with a 100 fold complexity to our company here. The experience includes from general manager, COO, CEO and Board chairman along with just board memberships. The communications from our investment executives is RARE and at BEST poor. I don't know our executives and have no idea of their real experience nor "any" company they have worked with or the positions they held. Their company affiliations seems to be missing. Communications including conference calls are common with experienced executives of public companies even without real revenues and they always RETURN their calls!
So my question is "why" aren't they communicating. Incidentally my 1st 16+ years previous to the aforementioned experience was with the IBM Corporation.