Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Zonagen (zona) - good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Peter Goss who wrote (2721)	3/11/1998 1:49:00 AM
From: kentoo	Read Replies (1) \| Respond to of 7041

EPS higher or lower ? Take a wild guess

To: Peter Goss who wrote (2721)	3/12/1998 8:29:00 AM
From: Dauntless	Read Replies (1) \| Respond to of 7041

Peter Goss - RE: Financial reporting Peter, Thought you might find the following of interest. I found it on the MTY Yahoo thread. =================================================================== Just to clarify.... Many small companies need the full 45 days at the end of a quarter and the 90 days at the end of their fiscal year in which to prepare to announce their results and to prepare their reports for the SEC. As a guy who spent years as the Chief Financial Officer of a series of small-cap companies, I can assure you that this is not something that is done "between daybreak and dawn". This is especially true at year-end, when the company's outside auditors come in and carry out the annual audit. Year-end preparation generally takes 2-3 weeks and then the audit can take another 2 weeks. Running everything past the audit committee of the Board can take another week or so, and then one gets into the actual preparation of the Report 10-K, press releases, etc. It is wild...and it ain't fun...especially when you are also taking calls from investors asking when it will be done.... I distinctly remember some guy, years ago, who called me on the phone and who felt that it all should take 2-3 weeks... "and couldn't I put a couple of my young MBA's onto the job..." In actuality, I only had an accounting manager and a couple of clerks to help me with all this stuff. And that is the way it really is.... Bob Davis The Napeague Letter