I completely understand your point. But when c
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(Total Views: 456)
Posted On: 11/16/2021 10:41:53 AM
I completely understand your point.
But when companies lose their office/address and won’t respond to shareholders as to what the the business address is, when they promise the world and then go silent, they need to speak when given the chance.
Filing timely Ks could have said, “Hey, valued investors, we know this silence is painful. But, as we’ve told you, even though we can’t fully update you, it’s business as usual here. We’re a functioning Management Team, and we’re making progress… see?”
Instead, we are left to think their stated “business as usual” is missed deadlines, lack of funds, and further lack of information. Joe should have raised funds to pay the auditors earlier (maybe that’s why the Ks weren’t filed?) and gotten the ducks in a row to get this out to us in a professional and timelymanner.
The SEC CANNOT stop them from filing the Ks. So they should have gotten it done. Big missed opportunity on something that should have been entirely in their control. No fingers to point here.
But when companies lose their office/address and won’t respond to shareholders as to what the the business address is, when they promise the world and then go silent, they need to speak when given the chance.
Filing timely Ks could have said, “Hey, valued investors, we know this silence is painful. But, as we’ve told you, even though we can’t fully update you, it’s business as usual here. We’re a functioning Management Team, and we’re making progress… see?”
Instead, we are left to think their stated “business as usual” is missed deadlines, lack of funds, and further lack of information. Joe should have raised funds to pay the auditors earlier (maybe that’s why the Ks weren’t filed?) and gotten the ducks in a row to get this out to us in a professional and timelymanner.
The SEC CANNOT stop them from filing the Ks. So they should have gotten it done. Big missed opportunity on something that should have been entirely in their control. No fingers to point here.
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