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loanranger

03/18/12 7:43 AM

#171348 RE: cowboy pete #171192

"Are you saying that companies typically lie to the SEC on these forms?"
Yes.

"That they can "avoid the requirement" to comply just at their own whim?"
Based on checking the "No" box when answering the "Is it anticipated that any significant change in results of operations" question, Yes.


The mere fact that the company's financials will continue to reflect a loss does not qualify it to aver that there was no significant change in results of operations from year to year.
That question gets a "No" answer regularly, frequently for the reason indicated.