PTK, Thank you for your input.
With respect to the changes listed at Message 18672401, how long IYO would it take to "restate the financials?"
As an investor I would demand a public company like DMX to follow GAAP rules and not anything else even if it was intended to be to my advantage (ie easier to read, high road, etc, whatever).
When dealing with the Securities regulatory bodies GAAP rules. Period. The OSC, and more notably, the SEC, spend a great deal of time and energy poring over accounting literature and setting guidelines on how public companies must treat and disclose financial information. The key objectives of audited financial statements preparation are to produce accurate, timely and comparable financial statements.
I hope DMX will prioritize and focus as they stated in the NR "As a result, the Company intends to revise its financial statements for the period ended May 31, 2002 to:"
on a timely resolution to this than to fight for their position, ie The Company believes its treatment is correct and will be providing additional documentation to Ontario Securities Commission staff next week. I hope they can see that they can fight this another day, if at all. |
