Aqua Power Systems Inc (APSI)

[nsomniyak]

Right - having been in the IT group supporting corporate finance departments, I can testify that changing the fiscal year is something that almost never happens and would almost never even be considered.

The only time I have seen it happen as an investor is when the business focus of a public company changes (through a reverse merger or a huge acquisition) AND the dominant on-going business is in an industry that has a fiscal year pretty common across the industry (this can happen in industries with strong annual revenue cycles) AND that is different from the fiscal year the company is already on.

I have seen this on occasion over the last 35 years but I can't recall a specific example.