again nitpicking details beyond the understanding
Post# of 9122
Posted On: 12/26/2014 10:59:08 AM
Re: pumpkinsherrie #1140
again nitpicking details beyond the understanding of this board that serve no purpose but to discredit-i've posted details before that are not necessary for the understanding of the point i was making
whether they have always presented cash flows or not is not the point- the point is that limited info otc class does not require cash flows and thus such very rarely show up on otc limited class-and limited info usually has far sparser financials
and NNLX obviously has this info and thus makes it easier for them to upgrade when they decide to- I'm sure they have inventory info also
i'm aware otc requires GAAP and that pinks are not required to be audited-which is why i said on this board recently that it takes most pinks 2 years to uplist because otcqb requires audited- so very few pinks have audited- usually only those preparing for uplisting- w the exception of sec reporting co's that cannot meet the new otcqb 1c bid and 10000 annual fee requirements and thus are down-listed to otc pink current
whether they have always presented cash flows or not is not the point- the point is that limited info otc class does not require cash flows and thus such very rarely show up on otc limited class-and limited info usually has far sparser financials
and NNLX obviously has this info and thus makes it easier for them to upgrade when they decide to- I'm sure they have inventory info also
i'm aware otc requires GAAP and that pinks are not required to be audited-which is why i said on this board recently that it takes most pinks 2 years to uplist because otcqb requires audited- so very few pinks have audited- usually only those preparing for uplisting- w the exception of sec reporting co's that cannot meet the new otcqb 1c bid and 10000 annual fee requirements and thus are down-listed to otc pink current
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