Value Microcaps Motherboard

[researcher59]

michaelt: Certainly GAAP rules require reporting diluted share count, but arguably they did report that via the footnotes, though not directly on the income statement. I presume what they did is acceptable since their 10K was audited by a CPA ....

However I would agree that it's a bit sleazy and evasive, if not a violation of the GAAP rules. But I'm not a CPA and not aware of the exact reporting protocols .... one might say that they have violated the 'spirit' of the GAAP rules, though not directly ???