Wednesday, July 28, 2010 9:56:04 PM
We really need to boycott these OTCBB stocks until we can get some
tougher regulations that will enforce stricter reporting standards.
Quarterly reports should be mandatory and, in fact, monthly updates
beyond what the financial reports cover as well. If these sub-penny
guys had taken a loan from a legitimate bank, the bank would demand
regular meetings covering these two things (financial reports,
development reports) and sometimes on a weekly basis! How can you not
have that financial information available, especially to the rank-and-
file (shareholders) that finance your company, including salaries? How
can you run a company without knowing what your financial situation
is?
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