Company is a circus when it comes to NO filings
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(Total Views: 71)
Posted On: 05/03/2024 7:47:25 AM
Re: Wallstreet1234 #7588
Company is a circus when it comes to NO filings
How they've gotten away with No 8-Ks over the years following material events just to name a few:
- folded/dissolving subsidiaries (SPP Security/Bella Electric);
- a subsidiary (Medrecycler) taken over by the ceo (from Snpw);
- the only 3 remaining revenue contracts (Fl,Nj,Ri) being terminated;
- ceo setting up competing side companies' with majority ownership and ceo positions;
- Alabama LOI and Property Purchase Agreement expirations;
Company seems to prefer using 10-Qs and 10-Ks, months later, to inform shareholders of material events, verus within 4 days after the company knows about
a material event occurring. In some cases, the material event was never announced, or reported, leaving it to the due diligence good samaritans needing to provide the facts.
in my opinion
cheers
How they've gotten away with No 8-Ks over the years following material events just to name a few:
- folded/dissolving subsidiaries (SPP Security/Bella Electric);
- a subsidiary (Medrecycler) taken over by the ceo (from Snpw);
- the only 3 remaining revenue contracts (Fl,Nj,Ri) being terminated;
- ceo setting up competing side companies' with majority ownership and ceo positions;
- Alabama LOI and Property Purchase Agreement expirations;
Company seems to prefer using 10-Qs and 10-Ks, months later, to inform shareholders of material events, verus within 4 days after the company knows about
a material event occurring. In some cases, the material event was never announced, or reported, leaving it to the due diligence good samaritans needing to provide the facts.
in my opinion
cheers
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