Replies to post #5402 on AB International Group Corp (ABQQ)

[doesitreallymatter]

go to the days that there was a significant/unusual price drop

Or a significant/unusual price increase.

All it takes is for the ABQQ shareholders that are negatively affected by price manipulation and have lost money to submit the SEC form.

Anyone can submit the form. Take me for example. I don't have shares, but filled out the form.

[doesitreallymatter]

I wonder what the SEC thinks about all of those whistleblower complaints. I definitely provided enough detail to make Corp Fin's job very easy. I really hope the company has the whitepaper related to revenue recognition for that contract readily available when the SEC sends their inquiry letter. Also, the company should definitely be prepared for a lot of inquiries around the transaction being a related party. Like, what do they consider a related party, how do they identify those transactions, etc. So, they better brush up ASC 850.

Of course, this is all going to shine a huge spotlight on the control environment. Once they get into that...GAME OVER MAN. GAME OVER!!!