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1. The SEC, especially after the financial crisis, is not going to tolerate fanciful accounting shenanigans. 2. Even though it is an "investor-beware" system t
by loganfrederick 15y ago
1. The SEC, especially after the financial crisis, is not going to tolerate fanciful accounting shenanigans.
2. Even though it is an "investor-beware" system to some extent, typically the SEC doesn't support blatant misrepresentation of the company, which is what these metrics do, even if elsewhere they are reporting more accurate numbers.
3. A company trying to act this shady on their government filings does not instill confidence that they are any less shady elsewhere in their business.