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cmaman2029

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cmaman2029

Re: heptikus post# 10009

Friday, 07/27/2007 3:26:08 PM

Friday, July 27, 2007 3:26:08 PM

Post# of 20076
OTC BB stocks do not have to comply with Sarbanes Oxley. Its in their 10K as a risk that the law my change and they may incur a cost if they do have to become compliant.

There were alot of restatements of the SEC financials after they got rid of the old firm, so maybe that's why they're gone. Why the got rid of this firm is anyone's guess.

It wasn't because of a disagreement or anything like that. That would've been disclosed because this recently fired firm would want to protect itself and it would've insisted on disclosure.

The financial reporting field is very tempermental these days with SOX and the corporate crackdowns.
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