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StoneMor Partners L.P. Message Board

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  • bamajoe20715 bamajoe20715 Feb 12, 2011 4:00 PM Flag

    Watching the action between SCI and STEI

    Get real.They just had a public offering which surely have revealed irregularities with their accounting.I dont think you know what you are talking about.

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    • jackhiller@ymail.com jackhiller Feb 12, 2011 4:46 PM Flag

      To conduct a public offering as just completed, the underwriters are required by the SEC and common criminal and civil law to review the company's books in fine detail, as they are at risk of criminal and civil fraud for selling units if STON were not in full compliance with all SEC and common law requirements.

      The underwriters and the company would be subject to suit for damages from the buyers as well if it ever came to light that the company had any material irregularities or worse at the time of the offering and sale.

      In the current legal climate, underwrites must be scrupulous in their examination of a company whose equity they sell to the public.
      Thus this sale serrves as a review of their books as well as raising equity.

      I'm a lawyer, and by what you wrote you convey well to me that you have no understanding of investment law. I am curious why anyone so obviously uninformed bothers to post such empty opinions?

 
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