This story was originally published here.
Last week, the Securities and Exchange Committee (SEC) announced an order providing “public companies a 45-day extension to file certain disclosure reports that would otherwise have been due between March 1 and July 1, 2020.”
To be clear, that means earnings reports covering the first quarter, which ends today, may not have to be filed on time, and material impacts of the coronavirus hitting companies throughout the second quarter, which ends June 30, 2020, don’t have to be disclosed in a timely fashion.
Given COVID-19’s impact on company workers, including executives, managers and accountants, in-house and external auditors, granting an extension on filing certain disclosure reports looks considerate, but in reality, it’s a recipe for disaster.
Now’s not the time to delay earnings reports or material disclosures.
Editor's Note: See the full story here. But keep reading for an amazing profit opportunity even in these chaotic times.
Joe Montana: “NOW Is the Time to Invest in Cannabis”
Through his investment fund, legendary quarterback Joe Montana started backing some of the most monstrous companies in the world BEFORE they became household names.
We’re talking tech industry giants like Dropbox – now worth $7.4 billion. Not to mention the $100 billion social media titan, Pinterest.
But now, he’s also got his eye on another market sector… and it’s going to surprise you.