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