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Skystar Bio Pharmaceutical Company Message Board

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  • osubuck30 osubuck30 Mar 31, 2011 10:18 AM Flag

    Skystar Files Extension for Fiscal 2010 Form 10K Filing

    The PR had the opposite affect on me. They will file and the numbers will be signed off by an AMERICAN auditing firm!! I think some do not believe how big that is for perception!

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    • Most encouraging part of the release for me was saying that the company s FULLY confident of filing WELL WITHIN the 15 calendar days allowed by the extension.

      In the long term, the only real negative about the extension -- and it would have been a huge negative -- is if they didn't meet the new deadline, or worse.

      But there was no need for them to say "FULLY confident to file WELL WITHIN the time" if they weren't very close.

      Also, they plan a conference call, so can expect a new release with the earnings and cc dates "well within" the next two weeks.

      At that time, we'll have fully audited year end results that meet or beat 2010 revenue guidance, as well as another full quarter of operations to guide new guidance.

      We will hear that the Hubei acquisition is on line and alone will add about 12% to 2011 revenues, and that the vaccine expansion will finally be producing in the second half. We will see a MUCH healthier balance sheet, including more than the $4M in Q4 net earnings increase in current assets, probably cash.

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