Jayyy, yes, that can be true, but the article also discusses good companies that choose to go dark to save expensive filings. I provided the link which discusses the good and the bad of going dark. Here is the link again:
It is easy to cherry pick the bad things and say they apply to Roth, but there are other things that may be good. I would recommend that every poster read the entire article and then do what the article recommends. They recommend calling the company and asking 4 questions. After you get the answers to these 4 questions then a potential investor should digest what he has been told and make his own decision.
Jayyy, the first step is to CALL THE COMPANY and ask these 4 questions. To not do so would be like playing poker without looking at your hand.
So, this is the challenge I put to you. Call Mike Irving and ask the 4 questions and see what answers you get. Then you can post the questions and answers here on this board for everyone to see. Let all the other posters see the information and weigh it and come to some conclusions. Maybe there will be some good answers that will satisfy you, and maybe there will be some incomplete or unsatisfying answers, but whatever answers you get I would hope that you post all the information you get.
Below is the cut and paste for the company they studied.
In January 2004, SEHI announced their plans to deregister to reduce costs. Immediately the shares fell by 30% as shareholders ran for the exits, not wanting the uncertainty of owning a non-fi ling company. At this point we called management with four questions about whether SEHI would continue to: 1) Make news announcements of important events such as earnings releases, etc.? Answer: Yes, they would issue press releases on important events. 2) Make quarterly and yearly fi nancial statements available on a timely basis? Answer: Yes, they would post fi nancial statements and notes on their Web site. 3) Hold annual meetings including election of outside directors? Answer: Yes, they would have yearly elections of directors including independents. 4) Have annual results audited by a reputable CPA fi rm? Answer: Yes, they would have annual results audited to high standards. Basically, SEHI told us they would continue to act as a public company without the regulatory costs of being one. Disclosure would approximate SEC requirements. Liking what we heard as well as the fundamentals we built a position in quick order. Over the next 18 months, SEHI’s results and share price improved substantially. We also got lucky. SEHI has several plants within hours of some of the areas hardest hit by Hurricane Katrina. FEMA placed a signifi cant home order with SEHI. Shares that we purchased for $2.20 after the delisting were sold at $7.10 about 18 months later.