+1 Sold your shares and go away .
This is right.
No body really care a report or not,if they can produce one report it is great, if they can't so what is the problem? Remember lot of scandal indicate accounting report can't full of no sense.if someone is liar,than he can managing a lieying report.
This is very wrong.
Reports are very useful, and if they are forged there is still a chance you can notice that.
Of course there is also the risk of paranoids misreading the reports and crying outrage when they instead were genuine.
Likely they keep at least some spreadsheet, so it would only be matter of cleaning it a little and showing it.
If they don't, it's because they have something to hide, and this is bad.
If they don't have any accounting at all, run for your lives.
That sait, whining here won't help so I agree with the "sell and STFU" sentiment.
I think the mining revenue is 100% transparent already...It was only thing depend on you think that Friedcat is a credited cat or next Enron..
From past history that indicated absolutely not needs for a report to securing credit stand of Friedcat, He is doing 100% absolutely over delivery our expectations. If there are still some guys says we need a report, I would say most of other BTC related companies does not produce report either, I mean limited transparency may benefit to protecting their core business' competitiveness. Like if Friedcat say that they produce their hardware at 100 RMB...would you think people will pay 25 BTC for it, since it decrease its revenue.
I do prefer Friedcat stay as usual, for most shareholders will care about more in weekly dividend, and share price is adjusted with predictable by refer to past performance and its current hash rate.
One more thing , to hiring a accountant dealing with weekly report also a complex job....normally real world companies taken a month to write their yearly report to helping them exploit it by sent-out positive information.