LogFAQs > #936660145

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Moonroof 04/02/20 3:30:04 PM #314:	CaptainOfCrush posted... Well that's the thing - what if the ACTUAL financial position of the company is so terrible that any competent auditor would expect them to go out of business within a year? How are we supposed to know if the COO was cooking the books? It's far more of a gamble than an investment. I just put a grand in because I'm a lucky prick who has some play money to burn right now. I believe one of the reports I read stated that he was cooking the books around 40%. So its still a profitable company. Its the Starbucks of China. <cite>Moonroof posted [p:936660145] in Stock Topi... [t:78520274]...</cite> <quote>CaptainOfCrush posted... </cite> <quote>Well that's the thing - what if the ACTUAL financial position of the company is so terrible that any competent auditor would expect them to go out of business within a year? How are we supposed to know if the COO was cooking the books? It's far more of a gamble than an investment. I just put a grand in because I'm a lucky prick who has some play money to burn right now.</quote> I believe one of the reports I read stated that he was cooking the books around 40%. So its still a profitable company. Its the Starbucks of China. </quote> ... Copied to Clipboard!
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