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uksausage

10/09/13 12:10 AM

#32673 RE: john12341 #32672

financial reports have nothing to do with calendar years.

the only reports outstanding with the regulatory authority for the exchange they trade on are the fiscal Q3 2013 (Jan-mar 2013) and the Fiscal year 2013 annual report (July 2012 - June 2013).

These are the only reports we should be waiting for but Ronnie opened his mouth and said he would let investors see once again the terrible numbers that they delivered upto and possibly including the Q4 FY 2013 by getting the numbers unaudited and filing with the SEC (wasting money).

Had he actually delivered them then we would be waiting with baited breath for the Q1 2014 numbers that are due mid November to show the first ever quarterly cash flow positive or getting close to it. But as he cant be believed I am not holding my breath. It should show increasing revenues but until the first two reports are filed we cannot see the improvements.

IMHO this is what he is waiting for - file all together that shows a lifetime of horrid numbers and then all of a sudden a glimmer of hope with the Q1 2014 revenues being pretty good.
by then he will be 6 months delinquent with the Q3 2013 numbers and officially "no Information" status.