Exactly, the company's press release from April 15th stated:
"Net income for the third quarter of 2009 was over $2,250,000"
However a few days later when the report was filed with the SEC, that number changed significantly to:
"Net income for the three months ended February 28, 2009 was $1,513,422"
A press release stating net income being over 2.25 million only to be brought down to a 1.51 million is a very significant change in just a few short days.
I've seen companies get listed on the Nasdaq such as SPNG, the share price isn't a big deal, usually the companies can obtain a new ticker symbol and split during the listing as needed. Sales and net income tend to be of more importance then the actual share price since it can always be split.
The concerns here however are that the growth is misleading investors and speculators into driving the share price to lofty levels due to overstated net income to the tune of nearly 50%!
HI-HO SILVER !!!
