Posted On: 02/27/2013 9:17:14 PM
Post# of 16816
A Quarterly statement isn't the same as an SEC filing. The upside is it reduces the administrative costs for micro-cap companies, in part because there's no audit requirement. The downside is that investors are potentially exposed to greater risk. That's why there's a general move by companies to get audited, S-1's and uplist (away from pink sheets).
The Quarterly is still a legal document meaning that if the CEO mis-represents s/he can still be held legally liable by the SEC and any other regulatory bodies.
I saw the thread on scamHub. Its another piece of useless noise.
If you're unsure and want to sell me your shares for $0.0001 I'll take them
At that price, I'll take the whole company private myself
HHSE is just about to go through this process now. The company is severely undervalued (as is BCAP) purely because of the Exchange its trading on.
The Quarterly is still a legal document meaning that if the CEO mis-represents s/he can still be held legally liable by the SEC and any other regulatory bodies.
I saw the thread on scamHub. Its another piece of useless noise.
If you're unsure and want to sell me your shares for $0.0001 I'll take them
At that price, I'll take the whole company private myself HHSE is just about to go through this process now. The company is severely undervalued (as is BCAP) purely because of the Exchange its trading on.
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