Consumer Automotive Finance Inc (CAFI): Watchdog: What is your backgroud in?...

Reply Private New

Replies (2) Next 10 Prev Next

Send PM Follow Ignore

Followers	2
Posts	537
Boards Moderated	0
Alias Born	04/18/2005

Smith111

Re: watchdog11 post# 6650

Sunday, 09/11/2005 1:10:43 AM

Sunday, September 11, 2005 1:10:43 AM

Watchdog:

What is your backgroud in? You obviously have little knowledge in accounting. Let me ask you:

What requirements are needed in order to process an SEC filing?

When a company becomes "public", do they just take an inventory and say "OK"?

Will they review the operations to determine if business has been satisfactory to award a "public" status?

Will audited financial statements for two-years prior be requested in order to validate their request?

Upon reviewing their request, will they review the two-years of audited financials to make sure the business is sound and acceptable for "public" status?

After the business has been proven legitimate and the statements have been verified, won't those records be released for public review?

Please let me know, it seems you are uneducated in these respects.

"Most of the time common stocks are subject to irrational and excessive price fluctuations in both directions as the consequence of the ingrained tendency of most people to speculate or gamble... to give way to hope, fear and greed."