Please name one penny stock that reports prior to their 45 day period. All organizations use a 3rd party auditor to verify financials and perform their quarterly audit process before financial results are released. The 45-day period is absolutely normal.
There is a tiered requirement for large, mid & small organizations as to when financials need to be released. As the company grows in size their requirement to release is shortnened. If they released earlier shareholders would quickly become accustomed and demand that level of standard going forward. That would be a terrible internal business decision. Why decrease the time to report when there's an increased risk to make an accounting or other financial error. I'd rather have pure data than have them be run the risk of restating earnings down the road.
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