Comment by nickff
11 hours ago
The company would probably be sued if there were any issues in one of the monthly reports; the money for the plaintiff lawyers is just too appealing. I think monthly 'informal' reports with some legal protections to allow for inaccuracies and inconsistencies, with biennial 'formal' reports would be wonderful. That said, I think allowing companies to select an appropriate reporting interval might be best.
Feels like a first world problem. If your company cannot afford to output accurate reports every month, maybe it shouldn’t be a company at all.
Shouldn't be a public company, at least. You can squander your own money as you like.
Do you have any sources to back up your feelings? I’m basing my comments on what I’ve read about the matter from a variety of former public company CEOs, CFOs, and COOs.
I am coming to this from a perspective of a worker who used to get quarterly options of the public company I worked for, and I just cannot for the life of me sympathize with a company complaining that it can only afford to gather the information to calculate the worth of the stocks they are paying me in two times a year. I don‘t care how much it costs them. If you are gonna be paying and trading in stocks, I expect you to do the work required.
Ahhh yes. As we all know regulations and requirements and bureaucracy never have unintended consequences, especially on the little guy. All that matters is intent, right?
The "little guy" isn't a publicly listed company issuing reports. By the time you have an IPO, you're no longer little.