The Stock Market Cash Flow: Four Pillars of Investing for Thriving in Today's Markets (Rich Dad Advisors) by Andy Tanner

Author:Andy Tanner
Language: eng
Format: mobi
ISBN: 9781937832483
Publisher: RDA Press, LLC
Published: 2014-03-24T16:00:00+00:00

That’s a pretty straightforward question for Ken Lay, the new CEO. This was his answer:

There are absolutely no problems that had anything to do with Jeff’s departure. There are no accounting issues. There are no trading issues. No reserve issues. Apparently they say I have plenty of money. No previously unknown problem issues. The company’s probably in the strongest and best shape that it’s ever been in. There are no surprises. We did file our 10-Q…

Lay is referring to the 10-Q statement the SEC requires all publicly-traded companies to submit each quarter. It contains the information on the fundamentals of the company. Lay continued:

We filed this 10-Q with the SEC a few days ago, and if there are any serious problems, they’d be in there. If there’s anything material and we’re not reporting it, we’d be breaking the law. We don’t break the law.

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