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Re: Monksdream post# 119279

Monday, 03/20/2017 6:58:00 PM

Monday, March 20, 2017 6:58:00 PM

Post# of 222071
Thanks, but I should add one important additional requirement to my original post. The current financial statements must be prepared in compliance with recognized financial standards. Since we are talking about US companies incorporated under State laws, that means only 1 thing - compliance with US GAAP. That automatically disqualifies 99% of the non-compliant "financial statements" which non-SEC registered companies pay OTCMarkets to post on their website to promote their stock. Those so-called "financial statements" are very far from US GAAP compliant, usually intentionally so, since it is easier to run a stock scam by just making stuff up (and hiding the inconvenient or uncomfortable), which so many of these non-SEC registrants do.

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