InvestorsHub Logo
Followers 0
Posts 331
Boards Moderated 0
Alias Born 06/10/2004

Re: Cytotekk post# 746

Sunday, 08/14/2005 9:42:34 PM

Sunday, August 14, 2005 9:42:34 PM

Post# of 30974
Cyto, sorry, I did not mean to imply that you were saying anything that was not accurate. My point is that I do not understand why companies are complaining about the new standards. I just do not see that there much more work involved. If they report something that is inaccurate, then they SHOULD be required to fix it in a revised report.

I have looked at a lot of quarterly reports, and 90% of the content is usually a cut and paste from the previous report. The financial figures are usually something that could be done on Quicken or Excel in a day. It just does not look all that difficult to me.

Any company that does not like reporting honest financial figures is welcome to de-list to the pink sheets. There are plenty of idiots who like buying pink sheet garbage. If a company wants to tell lies and print massive quantities of shares, the pink sheets is the way to go!