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Monday, March 18, 2019 9:46:03 AM
But what does that mean? Means they have a lot of growth, revenues coming in, payments going out, etc. it MEANS they HAVE a business to audit. When there is rapid growth in a company, the resources handling any particular area will get behind, especially in smaller growth companies.
Like most growth companies, this would mean they get the fun fun fun experience of both increasing department infrastructure while simultaneously going through the thousands, tens of thousands, hundreds of thousands of transactions on the original systems that were most likely extremely manual.
SO, sure, 'can't trust the numbers' but that comes second fiddle if you have trust in the growth.
Its not like the numbers are going to be 'zero zero zero zero' or so grossly off it would have had to be purposeful.
As they have not diluted in over a year, it is an easy risk assessment whatever the numbers are, they aren't anything too far off what is stated, and growth is happening. EVEN if the numbers were the less favorable of the two in the example, or WORSE even, the increase in revenues and growth is enough to avoid dilution and the company can still expand.
So, the claim, as a tree in a forest, sure. The bigger picture of the forest, the claim doesn't hold much weight.
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