selling shares to the public is not a qualifier.
Post# of 41413
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Posted On: 05/04/2018 4:02:48 PM
Re: USGL investor #39862
selling shares to the public is not a qualifier. But having public shares is. There is no scare tactic, but realize that we do not know the extent of what the risk is to not file. Good management manages risk. By filing timely, you negate or minimize a certain level of risk.
You may see the goal of getting a deal done more important that getting the filings public, And quite frankly I am sure a deal can get done with unaudited financials. However, I see it as an inhibitor beyond the numbers. It is an inhibitor that speaks to other levels of how this company operates and how it makes decisions, to the benefit of partners and shareholders. But again - all a matter of perspective. I don’t apply for a mortgage with drafts of my taxes. Why should we accept that the company we are invested in not divulge 2 years of critical information?
You may see the goal of getting a deal done more important that getting the filings public, And quite frankly I am sure a deal can get done with unaudited financials. However, I see it as an inhibitor beyond the numbers. It is an inhibitor that speaks to other levels of how this company operates and how it makes decisions, to the benefit of partners and shareholders. But again - all a matter of perspective. I don’t apply for a mortgage with drafts of my taxes. Why should we accept that the company we are invested in not divulge 2 years of critical information?
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