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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)

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To: Brady B. who wrote (6847)5/9/1998 10:07:00 PM
From: Mark M  Read Replies (1) of 18444
 
From the Undervalued Dog:

Maybe we should be asking if financials are under review?

Many OTC BB companies do not file its 10-K and 10-Q with the SEC. We won't recommend any companies that have not filed 10-K and 10-Q with the SEC in the future. All companies that we recommended promised us to file its 10-K and 10-Q with the SEC as soon as possible if they have not filed with the SEC before. The initial audited accounting procedures often take much longer than expected, as assets and inventories have to be fully evaluated. Any acquisition will further complicate this process. On the other hand, according to the SEC rules, it requires an extensive review process (it may take up to one month) for its first filing if a company wants to become a fully reporting company. 10-Q and 10-K can't be released to public in any form without the SEC permission before 10-Q and 10-K have been filed with the SEC. After a company becomes a fully reporting company, the company just needs to file its 10-K and 10-Q with the SEC regularly and don't need this review proces!
s any more.
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