So I was thinking about FINRA again and thought I
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Posted On: 01/07/2018 12:04:37 PM
So I was thinking about FINRA again and thought I should be fair and balanced. Want to remind all that FINRA works for you and me. FINRA stands for FINANCIAL INDUSTRY REGULATORY AGENCY. Their main job is to protect us from fraud. We longs know what we own and the quality of the comapny we have here. But some don’t.
Take a look at this “What We Do” FAQ sheet from FINRA.
https://www.finra.org/about/what-we-do
That being said, delays with FINRA are not all bad. Of course we all know our CEO (SB ), Is the real deal and all checks out but I suspect that the multiple PR’s in the beginning, announcing contracts without documented proof and the release of unaudited financials shortly after....while simultaneously going to FINRA with desires to make multiple changes to the company caused raised eyebrows for a government agency. It’s reasonable!
IMO Steve has been counseled on why there is longer delays than usual and has adjusted his behavior for the sake of the co. IMO It is not an accident that he has stopped Releasing info to shareholders as much and the only ones he does put out have signed contracts attached. IMO he will not release unaudited EOY financials because he knows it will only cause further issues with FINRA. Not because they are not true financials but because it only causes more work and delay for FINRA. Lastly It is also My opinion that FINRA is waiting for Audited Financials before they finalize all the changes to the company. They are hound dogs looking for problems. The fact that they have not come out with not a single stitch of bad about this company after this much time is remarkable.
So All really is good. Our CEO is smart and doing what he knows is best for the co and his shareholders. Let’s not be too mad at FINRA either because it’s a catch 22 with getting info from Steve while causing them more work to investigate every million dollar deal he does. It simply slows things down. Let’s all Look forward to Audited financials because this will kick Everyone off to millionaire-hood.
GLTA and go ONCI $$$$
Take a look at this “What We Do” FAQ sheet from FINRA.
https://www.finra.org/about/what-we-do
That being said, delays with FINRA are not all bad. Of course we all know our CEO (SB ), Is the real deal and all checks out but I suspect that the multiple PR’s in the beginning, announcing contracts without documented proof and the release of unaudited financials shortly after....while simultaneously going to FINRA with desires to make multiple changes to the company caused raised eyebrows for a government agency. It’s reasonable!
IMO Steve has been counseled on why there is longer delays than usual and has adjusted his behavior for the sake of the co. IMO It is not an accident that he has stopped Releasing info to shareholders as much and the only ones he does put out have signed contracts attached. IMO he will not release unaudited EOY financials because he knows it will only cause further issues with FINRA. Not because they are not true financials but because it only causes more work and delay for FINRA. Lastly It is also My opinion that FINRA is waiting for Audited Financials before they finalize all the changes to the company. They are hound dogs looking for problems. The fact that they have not come out with not a single stitch of bad about this company after this much time is remarkable.
So All really is good. Our CEO is smart and doing what he knows is best for the co and his shareholders. Let’s not be too mad at FINRA either because it’s a catch 22 with getting info from Steve while causing them more work to investigate every million dollar deal he does. It simply slows things down. Let’s all Look forward to Audited financials because this will kick Everyone off to millionaire-hood.
GLTA and go ONCI $$$$
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