Good Morning Everyone...
Spent the weekend with my ISP or my phone line (I think) acting up, so I had only very limited access to SI... Boy, there was alot to catch up on this morning!
Anyway... Jack, I hope that you weren't directing these comments to me:
After all, people are willing to use lack of reporting financials as a "strength" against competition.
HELLO!
Financial data does not have to include anything about customers or contracts, or what is 'about to happen....' It's just a record of PAST financial HISTORY.
My posts were an attempt to communicate my effort to try and get inside Mr. Chin's head after he let me know that he felt that he had an advantage by not publicly releasing the the 10-SB or the financials.
Actually, I think that the financials are only a piece of what most of us are looking for... I, at least, would very much like to see an updated 10-SB. Regardless, though financials may only reflect performance over a period in the past (income statement) or relative strength at a specific point in the past (balance sheet), it is a very useful tool to be able to tell an awful lot about the company. For example, if the statements are broken up sufficiently and one does a little prognostication, a fairly nice projected cash flow statement can be obtained.
In other words, financials ARE important and they DO say an awful lot about the company. If they weren't and didn't, the whole debate about releasing them or not releasing them wouldn't even be taking place...
Lazarus, thinking Tim Luke didn't need to rename his thread... |
