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Ask these bashers to provide substance to support their comments, and they'll slither under a rock never to be seen again. Their typical MO.
ascam, where's your response! We're looking for a good laugh today.
Give us the reasons why it looks like a fraud right now. I've purchased apparel from the website, so they do for a fact sell apparel. Give us your reasons why this is a fraud. I'm looking for a good laugh.
Naked short sellers are abound on this board.
http://www.sandiego.com/sdbusiness.jsp?id=311
$20 PPS in one year, once the audits are released, huge jump in earnings for 2005, and off the pinks. Bashers say this stock is a scam. If so, how is it that I purchase clothing from their website???
This board is a circus, how can anyone obtain value here? You're the head clown.
SEC and audit independence
http://www.sec.gov/rules/proposed/34-42994.htm
The auditors determine the audit schedule; not Matin. INDEPENDENCE. Please read and learn.
shrotker, you still don't get it. I take it you job isn't finanical related. The audit firm dictates the timing of the audit, not the client. The auditor is required to be "independent" from the client. If the client could mandate arbitrary audit completion dates, the audit may not be done by such, thereby reducing the audit to trash.
Why do you think they refer to auditors as "independent auditors". Your proposed question is absolutely rediculous.
Blow-out Feb retail stores.
Hussein Ikkufe... (Mice) is steaming mad at V. Duff because OTCLive posted an article on its website referencing Mice (i.e. Hussein Ikkufe... can't recall the spelling of the last name)) for who he is.
Hussein, I know all about you!
The Mice loser can't stand the success of his childhood friend and the respect his family pays to Matin. He's green with envy which is why he bashes 24/7.
Mice is a third generation loser. You know, the first generations earns it, the second generation preserves it, and the third generation burns it. The differences is that the Mice loser was exiled before he ran his family's business into the ground!
Mice(textileguru) Hussein, is mad at Victoria Duff because she told investors the TRUTH! I know your story, loser boy.
Mice's negative comments about the audit just assures me that it's taking place!!! Because he has access to insider information. I load up because I know who Mice is and he confirms to me what Matin states in the PRs!
Thanks loser!
Why would we trust anything that you have to say? You're confessing that you're a lier and cheat. You're telling us not to listen to liers and cheaters, yet you're one yourself.
Stop blaming your childhood friend (Matin) for being exiled from your family's business. You're the one that cheated and lied which is why you're so bitter. The information you receive on this company is because your family and the Matin family are very close. You're the black sheep that has been banned from the family though, and you blame Matin for all your mistakes.
You're a LOSER!
I want to personally thank the bashers on this board for bring the price down. I've doubled my play money in this company and will thank you all profusely when it elevates 300% after the audit!
Why are you people even responding to the resident idiot (MM)? You're just encourgaging him. Simply block his posts from coming up. Go to his user profile and click on hide idiot.
American Eagle (AEOS)is reporting blow-out Feb sales. Strong news for apparel. When will they start selling GigdetUSA!
Sam, if you're interested in accounting and auditing procedures, they're easy to find on the Net.
Growth, you're wasting your time attempting to educate these people. They're simply bashers.
Huge short squeeze coming!
Apparel website has actress Heather Graham under the women's tab. Hmmm...
You are correct, given the scrutiny on auditors. I suspect audits now-a-days are 3 times better than prior to Enron/Worldcom. I'm holding long so I don't care about the daily fluctuations.
The 2003 & 2004 audits are likely being done nearly concurrently for a very good reason. It's very difficult to validate account balances two years earlier. However, once you audit 2004, you'll be able to back into the 2003 year end balances. 2004 year end (balance sheet) balances minus 2004 activity (income statement) must equal 2003 end of year balance sheet balances.
This is why the audit has been delayed IMO. The auditor needs 2004 numbers to do 2003.
The audit will put an end to all this bashing BS once and for all. Just a couple more weeks!
Mice, if what you say is true, report the fraud to the Utah agencies. I gave you a name and department. What you state constitutes fraud. Why haven't you closed down the fraud for us!
No problem. I know this drop in price has given others (employees, etc...) a chance to buy in cheap. It's like options without the dilution!
I'll refrain making the bashers appear like fools all of next week. The following week when the stock starts running, I'll be back in full force laughing at them!
Good luck.
Bashers -- why haven't you been able to shut this fraud scam down? Now you have a name and department to contact. No more excuses -- shut it down. LOL.
Legal ruling excerpt came to me via email from: Benjamin Johnson, Corporate Finance Director for the Utah
Division of Securities.
Read below -- I've just proven that VLXC ISN'T a fraud, for if it were, it would have been shut down by now given all of the complaints written to the Utah authorities.
You bashers crack me up.
The statute administered by the Division, the Utah Uniform Securities
Act, contains prohibitions against fraud in connection with the offer or
sale of a security. The statute, however, does not directly regulate
corporate governance disputes or allegations of breach of fidicuary duty
to minority sharehoders--unless violations of the anti-fraud provisions
of section 61-1-1 can be shown.
Here, I've saved you time and effort.
That's funny.
Over the next few months I anticipate:
1) 2003 audited financials,
2) 2004 audited financials,
3) blow out 1st qtr 2005 earnings,
4) Perhaps blowout 2005 forecast,
$) $7.00 PPS.
Here's a reflection of the depth in financial analysis --
DRDGOLD's auditor, KPMG, drew attention to the miner's weak financial condition, noting in its financial statements that current liabilities exceeded current assets at the end of last year.
Go feed the chimps, zoo boy!
Pinksheets was likely dumping while his foolish followers/board friends were buying!
JOHANNESBURG, Feb 24 (Reuters) - South Africa's fourth-biggest gold miner DRDGOLD (DRDJ.J: Quote, Profile, Research) posted a deeper first-half loss on Thursday and warned that it might run short of cash as it restructures mines that are not profitable.
The company has been hit hard by a buoyant rand currency which cuts export income, since it has the most low-grade mines of South Africa's major gold producers.
DRDGOLD shares, which tumbled 60 percent last year, dipped a moderate 1.58 percent to 8.10 rand by 1410 GMT since many investors expected bad news after a trading statement last week.
"They're in a bit of a pickle because they need to restructure and bring down the high costs and that's going to cost money which they don't have," an analyst said.
DRDGOLD's auditor, KPMG, drew attention to the miner's weak financial condition, noting in its financial statements that current liabilities exceeded current assets at the end of last year.
The miner listed a series of risks to its business, including further strengthening of the rand.
"These conditions ... indicate the existence of a material uncertainty which may cast significant doubt about the group having sufficient cash resources to meet its current obligations," a statement said.
Such a cash squeeze might impact on the company's ability to continue operating as a going concern, it added.
The company planned to finance commitments from existing cash resources, the sale of assets and from debt facilities already in place or that would be negotiated, Chief Executive Mark Wellesley-Wood said in the statement.
DRDGOLD posted a headline loss for the six months through December of 64.4 cents per share, compared with a loss of 18.5 cents in the same period a year ago.
The company, which recently changed its name from Durban Roodepoort Deep, also said it had taken an impairment of 214 million rand ($36.57 million) for its North West mining assets, which were in the process of being restructured.
Headline earnings strip out capital, non-trading and extraordinary items. The net loss per share, including the impairment, ballooned to 149.9 cents from 18.1 cents.
MIGHT CLOSE MORE SHAFTS
The red ink was expected after the firm warned last week the headline loss would grow by more than 200 percent.
The firm also had said it might have to close or mothball up to one third of its South African output due to the rand, which has strengthened by more than 130 percent since late 2001.
"We don't have a mandate from shareholders to continue pouring money down black holes and this process is going to end," Wellesley-Wood told a results presentation.
The restructuring at the North West mines, which employs 5,600 miners, might take six months to a year and cost in the region of 30 million to 100 million rand, he added.
Where possible loss-making underground mines would not be completely shut, but put on "care-and-maintenance" so they could be reopened if the rand weakened and made them profitable again.
North West operations, consisting of the Hartebeestfontein and Buffelsfontein mines, accounted for 54 percent of the firm's South African output and 34 percent of total production.
Underground costs at the North West mines in the first half were nearly 15,000 rand per kilogramme higher than the current domestic gold price of 81,000 rand/kg.
DRDGOLD has been expanding in Australasia to lessen its exposure to the South African currency, and its profitable overseas mines now make up 37 percent of total output.
pinksheets strategy is to invest in insolvent/liquidy crisis companies and to short cash cow/growth companies. He's a financial wizard! He must be seeking short term capital losses to offset against capital gains from non-trading sources.
pinksheets can certainly pick them! We'll be laughing at him again in approximately 2 weeks.
Shorts are wagering there will be no audit; longs are on the fense until they see an audit. WHEN the audit is released, we'll see $4.00 -- $5.00. When we reach the American Exchange, we'll hit $10 (late Summer is my prediction) IMO.
Sam, the answer to your question should be very obvious.
1) There's been no audit,
2) The US/European operations are in the infancy stage.
Keep in mind that Matin invested several million into his first mill. Why did he do this? Some people with this type of money sitting around would simply retire and live comfortably the rest of their lives (like you). But the world needs driven people wanting to grow business. This is what makes free enterprise. Your argument applies to every multi-millionaire, and you can't relate to it. Your rationale makes no sense given reality.
keep shorting, suckers!
Here's a scenario for you. Matin updates a couple of small stock growth funds of the company, audit, and other details. They start buying positions. After the audit is released, they continue to buy, after all, how much buying does it take to elevate a float of 1.5 million?
VLXC shorts are losers (big losers).