Posted On: 12/25/2014 11:40:41 PM
Post# of 9124
"its interesting they have been including a statement of cash flows-such is required for otc current info but not limited info"
They've always included a statement of cash flows. This is not a new occurrence.
"on their website the financial info is now equivalent to otc current info except no attorney letter or 10q etc"
It is not equivalent because the financials are not in GAAP form. One thing that is certain regarding GAAP is that a manufacturing company must disclose their inventory. Nanologix does not. OTC Pink requires the financials to be in GAAP form and they do not require them to be audited.
They've always included a statement of cash flows. This is not a new occurrence.
"on their website the financial info is now equivalent to otc current info except no attorney letter or 10q etc"
It is not equivalent because the financials are not in GAAP form. One thing that is certain regarding GAAP is that a manufacturing company must disclose their inventory. Nanologix does not. OTC Pink requires the financials to be in GAAP form and they do not require them to be audited.
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