Genesis Media Group, Inc (GNNX) Message Board

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Microcap & Penny Stocks : Genesis Media Group, Inc (GNNX)

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To: Douglas V. Fant who wrote (1128)	5/19/1998 9:21:00 PM
From: Rock_nj	Read Replies (2) of 3129

As far as I know, as long as the form is filled out correctly then the government (SEC) just accepts it. The difference is that if they submit a filing to the government (SEC) and its later found to be fraudulent, the company and its officers can face legal penalties. So, filing with the government (SEC) lends a certain amount of credibility to the earnings report since they would be facing criminal penalties if it were fraudulent. NASDAQ requires that a company be a "reporting company" (reporting to the government) before they will list them.

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