I received a B/S degree in Accounting from the University of Southern California and worked as an accountant for a CPA firm in the early 70s. I claim a knowledge in accounting not an expertise.
1. Shareholder Equity = (Total Assets minus Total Liabilities) divided by the number of Outstanding Shares.
2. Speculative answer at best. The number of transactions that occur in a month/year and the accounting ability of the preparer will determine the necessary time required.
It is up to management to determine when financial statements should be published. That said, you are referring to "unaudited" financial statements that do not contain footnotes and therefore I only rely on them as a statement of general economic health and not a statement of true economic standing. I anticipate the statements so I can determine what viable growth has/has not occurred. To me, the real value of an unaudited financial statement is that it will disclose "trends".
3. Opinions are like .....well we all not that saying. The problem with my opinion is that my expectations were low. I completely understood what an impossible year 2007 was for production. Critics of management seem to ignore the time and expense lost due to the rains, floods and mud. To me, the statements just issued show progress and growth for a period of 5 months, not a year. My opinion is that, under the circumstances of weather but augmented by the rise in the price in oil/gas, Allenergy attained a much better than expected growth.
Honest opinion, no agenda.
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