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Re: integral post# 76462

Tuesday, 09/16/2014 5:14:25 PM

Tuesday, September 16, 2014 5:14:25 PM

Post# of 220675
Can you write me a couple sentences to support it so I can send it in.

Should I concentrate on what I previously said? I'm assuming the PCAOB is most interested in what E&E evaluated the so called "inventory" of $10M, and total evaluation vs sale price actually transacted, between his private and public company?

All of the claims of oz/MT goes back to "grab samples" sent to Activation Labs. No, I have no idea what "grab samples" mean, or how random the sampling might have been. That was the basic defense when the SEC started to ask questions. Actually they left out the words "grab samples" in their response, which came from another outside appraiser.

Q&A with the SEC

The SEC didn't question it further. Neither will you find any mention of specific oz/MT in the Annual months later. I suspicion both sides agreed it wasn't valid via Guide 7 standards.

The problem I'm having Integral is how to sum up this huge mess, in a few sentences. For example would it be sufficient to say assays the E&E valuation was based on did not comply with Guide 7 standards? Thus one ends up with a couple sentences about the partial and total valuation. Noting it was based on non Guide 7 standards for assays and claims? If so I'll divert 1 Mb of double parity check memory as a background process to produce the appropriate wording tonight.


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