Actually Jerry says they will be deleted altogether. He is obviously not a believer in transparency and thinks that some issues, regardless of their factual nature, are not in the best interest of the company or shareholders to fully disclose or explain. Unfortunately, what Jerry thinks is in the best interest of the company (driving demand for the stock so that it can continue to raise money through massive dilution) may not be in the best interest of shareholders who should have all of information needed to make informed decisions regarding their investment.
The disclosures in a company's 10-K are supposed to be clear and thorough and should not create more questions than they answer.
A 10-K is also not the form to use for speculative hype such as Jerry included regarding supposedly signed joint venture agreements to "collaborate" with one or more unnamed partners for the purchase, shipment and resale of jet fuel. If the company entered into one or more material agreements, they should be fully disclosed in a Form 8-K with the agreement attached. If he wants to create speculative hype, then he should put it in a PR.
The XUN 10-K is extremely unprofessional with some information being self contradictory. The financial statements are definitely not prepared according to GAAP and should not be relied upon. The misstatements in the financial statements are serious enough to be reported to the SEC.
Weinberg & Baer should also be referred to the PCAOB for review of this audit as well as previous audits of XUN Energy. It's inconceivable IMO that they would assert the following:
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