If we understand financial statements and if we ha
Post# of 82690
(Total Views: 538)
Posted On: 05/09/2018 4:18:51 PM
If we understand financial statements and if we have followed the recent financial statements of Strikeforce Technologies, this may be the first time a 10Q has reference to an opportunity in the notes via the subsequent events. Subsequent events are ones that occur after the time being reported but management has knowledge of prior to issuing the report. To me, based on my opinion, this is a big moment. It will mark the first time that it has been mentioned in one of their reports - and it is worthy of being mentioned in the subsequent events. (if that is indeed what occurs) This is significant to me and my opinion is that I like this development very much. Someone please feel free to correct anything I said here if you find it to be incorrect but I find this to be significant. Just read this:
.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...
.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...
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My comments are only my opinion and are not to be used for investment advice. Please conduct your own due diligence before choosing to buy or sell any investment.