One thing, maybe someone can explain to me, is how these public companies, BB's in particular, can be non reporting.
Seriously, I have run a private company for over 20 years. Ya gotta file tax returns, if you can file financials for taxes, why not for the Nas, or SEC, or whomever, hell, ya want to run them just for yourself. And it's not that tough, keep good records, and any fool can do it. Okay, they have to be audited, whoopee, so it costs a few bucks more.
My bottom line.....any company, that cannot file financials on time, is run by.....xxxxx..... fill in the blanks yourself.
So I take, the dreaded E, very seriously. This is the computer age. For $49 Canadian (about a nicked US) you can have some decent accounting software.
LOLOL, mybuddybillythebroker, used to say to me, almost every time, I made him buy me a penny, "why are these guys public, you're bigger than them!" I'd say "shhh, insiders, need a quick buck, just shuddapp, and buy it." |
