as a CPA and a controller at a hedge fund i have to agree with SharonB. these things almost always take many months. it would be unheard of to do it in one month. i've seen people take more than a month to agree on the format of the presentation -after all the audit work was done. if this is the first published report and it will be used for filing then they will agonize and negotiate and reconsider every number and every sentence. and given the current legal enviorment everyone will be super cautious. it all takes time.
Yeah right, you need to get your story straight first, ROTFLMAO
Posted by: billyb
In reply to: None
Date:9/18/2003 9:27:15 AM
Post #1030 of 2122
hi,
i'm new to the board. been lurking a while though. thanks for all the insight. i am long STEH.
some questions. most everyone seems to be upbeat and positive on the stock and the direction of the company. why then, even when this news is breaking, is the stock not moving up? i've never beaten the 'professionals' to a good stock pick. are we ahead of them? are we below the radar?
do you really think we will get on an exchange before the end of the year and, if so, what will the stock trade at?
thanks
Posted by: billyb
In reply to: sirjopa who wrote msg# 1071
Date:9/22/2003 3:07:03 PM
Post #1072 of 2122
forgive my inexperience. why would the market makers want to keep the share price down? i don't kwow if they make money on commission or because they hold stock to sell but it seems either way they would benefit from the price increasing. i know i am charged a fee based on the value of the transaction. so, as the stock goes up the market maker should make more money per transaction.
thanks for any insight on this.
bb
Posted by: billyb
In reply to: jrinphx who wrote msg# 1663
Date:10/21/2003 2:09:28 PM
Post #1665 of 2122
you'right about the reporting. there is just no reason to put that off. since he's been talking about it for so long the audits should be done and just waiting to be signed off on.
if he's using a major accting firm they will be starting interim work for year end any day now (for all their regualr clients) and staff will be booked from now til april. so if it's going to be done then it should be finished now.
i've asked him on 'ask the prez' twice to comment but he dosen't answer. maybe he's too busy and/or getting a lot of junk email. he built up a level of expectation by having that site and now maybe he should shut it down so people don't expect him to respond.
just random thoughts
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