InvestorsHub Logo
Followers 26
Posts 2315
Boards Moderated 0
Alias Born 08/18/2010

Re: coloradoKid post# 49213

Wednesday, 11/23/2011 10:34:23 AM

Wednesday, November 23, 2011 10:34:23 AM

Post# of 101798
I do not believe so.

The auditors will not audit future results but rather the past.

If the company released a PR that they have processed and sold 40k in gold it would not be relevant to the 10k for 2010. It would be listed in subsequent events but again I do not believe that is audited.

I have emailed a friend that works in accounting for a public company and hope to get an answer about that. I am not an accountant so I can most certainly be wrong but it makes no sense to audit a future event.

Now if they stated they sold an asset worth a certain value and that same asset is on the 10K I guess I can see the correlation. Same could be said of a debt payment that is carried over from a previous year.

I can see how certain items (likely very rare) could correlate but cannot understand how it would impact any production updates since in 2010 SNEY had no equipment or operations yet.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.