Vapor Group Inc (VPOR)

[CashBowski]

Companies can provide guidance, like CEO has been issuing in various PR's that sales are expected to beat previous quarters, or if they're on pace with previous projections, etc, but can't get too specific because they have to still comply with Generally Accepted Accounting Principles before any details can be released to the public. Plus, if a company is expecting a really good quarterly report, they won't blow that news into the market (that would be really stupid) just so when the quarterly is released pps is already priced in.

In regards to auditing... their financial statements are prepared in accordance with U.S. GAAP by persons qualified (CFO), however whether they're SEC reporting or not -- regulations do not require quarterlies to be audited. Only time they require an audit is for the 10-K Annual Report filed by a SEC reporting security. Pink sheets require an Attorney letter to certify.

Hope this helps.