If we understand financial statements and if we ha
Post# of 82672
.01
An independent auditor's report ordinarily is issued in connection with historical financial statements that purport to present financial position at a stated date and results of operations and cash flows for a period ended on that date. However, events or transactions sometimes occur subsequent to the balance-sheet date, but prior to the issuance of the financial statements, that have a material effect on the financial statements and therefore require adjustment or disclosure in the statements. These occurrences hereinafter are referred to as "subsequent events." [As amended, effective September 2002, by Statement on Auditing Standards No. 98.]
From
https://pcaobus.org/Standards/Auditing/pages/au560.aspx
The 10-Q's are not audited, however I would venture to say that I believe the company to pay attention to the definition of a subsequent event. Best of luck here and I don't know what anyone else should do in terms of evaluating whether or not Mark gave us good news today. I know what I believe...