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Re: billpr post# 30028

Wednesday, 03/30/2011 12:33:33 PM

Wednesday, March 30, 2011 12:33:33 PM

Post# of 53987
Not so. I bought quite a few resource Canadian stocks and the like that were priced in pennies. Sure, they told me about the risks, but I insisted. And made money. But I never recall asking about audited financials or being told they were not.

I just asked my cousin, who is a registered broker and financial advisor:

"I think the average investor assumes that a publicly traded company has audited financials."

In these days of buying stocks online I seriously doubt the issue comes up that often. I don't recall E-Trade or Scottrade saying anything about it when I bought Virtra stock.

Andy
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