Replies to post #119018 on Sulja Bros. Building Supplies, Ltd (SLJB)

[jerseyboy]

Marianothis and others who might want to reply,

I'm trying to figure out just what is being reported on in the A/F. I'm almost sure that the fiscal year 2006 statements will be the ones under audit, the period of which looks to be June 2005 through May 2006, and for which a 10-K could be filed. The first quarter would thus be June 2006 through August 2006, which would be reviewed but not audited, and for which a 10-Q could be filed.

But, if they are changing their year to a calendar year, would the next audit take place for the period January 2006 through December 2006? I wouldn't think they would change their year until then and would just keep putting out results on a quarterly basis until then, in which case their second quarter would be September 2006 through November 2006, and which would probably be their last reported period until they switch their year-end.

If anyone with an accounting background (hello, Snips and family) or otherwise wants to give their impressions on how this will all work, I'd be interested to hear them.