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Re: SurgeGuy2.0 post# 234

Tuesday, 08/16/2016 2:15:46 PM

Tuesday, August 16, 2016 2:15:46 PM

Post# of 19858
Enron was audited by no less than a Top Six accounting firm. How'd that work ~OUTT. Penny scams find all kinds of crooked auditors to use as props. PCAOB suspends these little accounting shops with regularity, then they just reorganize with new business names and a new CPA (often right ~OUTT of school and just having passed the CPA licensure exam and looking for work) so they have one listed as the front man or woman to gett a PCAOB accreditation, and then the miscreants do it all over again - selling their audit opinions to anybuddy for the right munny.

Lather, rinse, repeat. Or if they are clever enough, they skate by for a long time before PCAOB getts enough complaints and actually investigates them and revokes the firm accreditation. If they fly low enough, it can be a decade or two before they gett caught (or caught again under a new name).

As for low float - KSIX just took on a boatload of floorless CONvertible debt from notorious toxic diluter TCA, among others in February and the first tranches of that CONvertible debt mature as aged debt THIS MONTH and becomes eligible for CONversion DIRECTLY INTO THE FLOAT AND DUMPAGE RIGHT INTO THE MARKET.

That's what TCA does.



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