United Communications Partners Inc (UCPA)

[3itg]

The company previously stated that the burden of fully reporting / auditing was too expensive to justify (at the time).
They said they will revisit the decision in the future "when it makes sense".
With the costs of having audited financial statements ranging from $20,000 to $50,000, this seems to make a lot of sense. This would be closer to the 50k mark, as they are an umbrella company, who owns other companies, more complex.
It might make the stock price rise temporarily, but it will not add to the companies profits... the actual bottom line. What was their profit in the last annual statement? What would the profit have been minus another 50k?
Answer these questions and you will see the reasoning behind dropping their reporting requirements.

I dont remember if this was in an email or in the newsletter.