Posted On: 05/16/2014 11:02:27 AM
Post# of 1149
OK, the reason I posted the 'love letter from the SEC', is because of something which was said concerning re-listing in the open market.
One thing that struck me in this 10q was the length and detail and how far back many of the timelines were with some of the transactions.
If Sterling wanted to re-list, this is exactly what he would need to do so. Everything is updated and extensively recorded with full disclosure. I personally think in spite of the debt....that is a good thing.
Also, it does damage control on existing and potential lawsuits and it is trying to show they did not 'intentionally' , try to deceive...they just screwed up the books and got too much debt. Not a good thing for a company to be such dumb asses, but, I know I have done the same thing before learning. Excused.....no. But, the intent to do the right thing is there and I think that is a factor. Just wanted to share my continued thoughts on this. GLTA
One thing that struck me in this 10q was the length and detail and how far back many of the timelines were with some of the transactions.
If Sterling wanted to re-list, this is exactly what he would need to do so. Everything is updated and extensively recorded with full disclosure. I personally think in spite of the debt....that is a good thing.
Also, it does damage control on existing and potential lawsuits and it is trying to show they did not 'intentionally' , try to deceive...they just screwed up the books and got too much debt. Not a good thing for a company to be such dumb asses, but, I know I have done the same thing before learning. Excused.....no. But, the intent to do the right thing is there and I think that is a factor. Just wanted to share my continued thoughts on this. GLTA
(0)
(0)
In times when you feel low self esteem, disappointment and perhaps even depression.......keep in mind that it may simply be the result of the fact that you are surrounded by ass holes. GLTA
Scroll down for more posts ▼
