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Re: ArmStock2009 post# 173529

Monday, 02/07/2011 2:23:43 PM

Monday, February 07, 2011 2:23:43 PM

Post# of 344049
Arm, I believe he intentionally delayed until the numbers would show something favorable. I don't have much of an issue with that. We all openly and knowingly invested here without proof of earnings or anything for that matter. The "risk" we all took wouldn't have existed if that information was already available, and the PPS would have been fair, not a steal - like many still believe we have here. Hopefully we'll get rewarded for the risk, but maybe not. If I wanted to know everything on day one, I would've invested in blue chip and enjoyed my 5% a year.

I do know audited financial reports cost over 1M/year to produce. It takes time to have that kind of capitol and it does show significant strength that he's doing it now. I'd rather wait and not know any of the numbers and get them audited and delivered correctly than receive a half cocked report that everyone will question the authenticity of anyway.