Replies to post #3598 on Starfleet Innotech Inc (SFIO)

[kingreyes9999]

Two years audit would probably cost about $25-$30k per year if you don't use one of many regional CPA firms. But if SFI cannot afford a full audit, what about non-audited FULL DISCLOSURE financial statements? If you look at the 12-31-09 financials there are significant missing items:

Statement of Cash Flows
Statement of Stockhloders Equity
Notes to Financial Statements
Balance Sheet shows no accounts payable. (Are you kidding? Zero accounts payable?)

Also, FINRA requires that the name of the person and qualifications of the person preparing the financial statements needs to be disclosed. Where is this information?

[kingreyes9999]

Last post should have read: "$25k-$30k if you don't use one of the BIG 5 CPA firms." Sorry about the error.

[topdog52]

Spirit Excellent post. You hit the nail right on the head.

[BBB]

Good post. SFIO has been working on going fully reporting for quite a while now - not quite ready yet, but just about there. I like the idea of being a fully reporting company since SFIO will be a more "trusted" company.