Protective Capital Structures Corp. (fka PCSO)

[Quik18holes]

Also, if they ultimately want to become a bank then auditing is mandatory. I am liking what I see here more and more every day!!

Bankers •Banks want annual audited GAAP financial statements for accuracy and comparability, and they also want quarterly financial statements. •Other financial information that may be provided includes: oDetailed aged payables, receivables and inventory. oMonthly loan covenant calculations (debt to tangible net worth and current ratio calculations). oCollateral reports, and oQuarterly cash flow coverage information. •Data from financial statements are entered into computer models and databases to measure liquidity and monitor compliance with debt covenants.

Investment Bankers •Want audited annual GAAP financial statements for accuracy and comparability. •Want supplemental information beyond GAAP, such as a history of capital expenditures. •A fair value appraisal will be required if a company is not liquid. This is not necessary for a financially strong company.