Financial Shenanigans: Stocks Looking for a Fall Message Board

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Microcap & Penny Stocks : Financial Shenanigans: Stocks Looking for a Fall

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To: HeyRainier who wrote ()	5/12/1998 3:31:00 AM
From: Q.	Read Replies (3) of 108

Here's a specific stock to start things off, Rainier. Equimed (EQMD, EQMDE) is a small cap stock that fits Schilit's criteria for possible shenanigans. The last 10Q quarterly report, which can be found at sec.gov shows significant increases in receivables without a commensurate increase in revenues, year over year. The news, which can be found at quote.yahoo.com explains that the co. is late in filing its 10k annual report (hence the E at the end of the stock symbol) and is considering asset writeoffs. This suggests the auditors are going over the assets and insisting on writing some off. Good luck with the new thread, Rainier.

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