You missed the most salient point of most that were requesting audited financials (especially when there was questions about the CEO's credibility from people knowledgeable of his prior...failed...businesses), and that point was whether the filed non-audited financial information jived with the audited financial information. Evidently, it wasn't even close, the disparity between them was very telling. I don't think anyone was expecting them to show success, I wasn't....it was just 'how truthful were the prior filings?'

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I argued that point with Crawford, saying it's simply too soon with a start up this early into initial marketing of it's products to expect the numbers to justify investment as they might with a well established company. It's coming, but how could you ever expect to get in at ground floor with most start ups if you insist on documented proof of their success?

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