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I'm familiar with one of the Veolia models. They have an incinerator in the Houston/Port Arthur area. From what I understand, the Port Arthur area is considered one of the most polluted areas of the country. Lot's of toxins, waste incinerator's, refineries, etc.
How much of that biz does Labwire have? Apparently, not much.
Which Veolia branches? Only the one's in the Port Arthur and Houston area?
I'm not going to challenge the background of Beers, but does the rest of the staff have enough experience to be involved in audits of publically traded companies?
I'm sure they are nice people, but what's the deal with the experience and training?
Hello?
Are these the same people performing the audit testing for Moore's publically traded company clients?
Just curious.
TIA
Is that her sister (Martselina) who is also a staff person? Appears as if Martselina is working toward a modeling career, why no mention of that in her bio?
Is this the same person that had her home alleged foreclosed upon and subsequently sold by the bank?
From the Moore & Associates "staff" profile page....
Yevgeniya Beloshitskaya (Jane) is an audit assistant for Moore & Associates, Chartered. She is currently attending University of Nevada Las Vegas and College of Southern Nevada working her way towards obtaining her CPA license and degree in Accounting. She has experience in accounting industry as a political campaign/party controller and bookkeeper. Jane also has five years experience in the hotel industry as an auditor of daily operations and lead customer services agent. She is fluent in English, Armenian, Russian, Ukrainian languages, and has basic knowledge of French.
http://lasvegas.blockshopper.com/property/12521213140/6868_sky_pointe_drive/
I've personally witnessed what the name "Wal-Mart" can do to a small business and the lenders affiliated with those small businesses.
....and it ain't pretty.
I speak from experience. You speak from hope. You have a vested interested. I have no bias.
As for your USIS comment, the document that LBWR filed with the SEC has no date on the "contract".
Wassupwithdat?
Not impressed. I'm impressed with integrity, attention to detail and profits.
Plus the big name companies know how to play this game. Most big companies will squeeze the little guy on price. Give me a bunch of "no name" companies that will pay a premium for service.
Big names are a reason to write "fluff" piece PR's. IMHO, that is exactly with LBWR does.
scion, the AICPA is nothing more than a association that accepts dues, offers group discounts to its members (group life, disability, etc.), and has a strong lobby in Washington (in my opinion).
I was a member for many years, and (for me) the cost outweighed the benefit.
The PFS is simply another professional designation.
The State Board carries the power.
E - I received your PM, and I've hired that firm in the past. Anyway, my approach would be to have five Houston area PCAOB firms vie for this LBWR business.
Moore has one physical location, and that is in Las Vegas. So shareholders pay for the travel too. I'll bet LBWR can find a Houston area PCAOB for a similar audit fee.
The PCAOB has now reviewed a total of seven reports issued by Moore & Associates (five from 2008, two from a few years ago). The PCAOB discovered "issues" with ALL SEVEN reports.
Hello?
Good question, but probably not Labwire!
inspro, every State's board is different. Personally, I'm surprised that Moore had his license reinstated.
I'm also willing to bet that if his clients knew about his background, he would probably lose many of those clients.
All of the above is my opinion.
Does the PCAOB know about the wire fraud issue involving Moore? LBWR shareholders can share this information with the form below.
http://www.pcaobus.org/Enforcement/Tips/tips.aspx
Yes I do, I'm in the same profession as Moore. What matters is integrity and perception. You don't understand the accounting industry, I do.
Dexter should can Moore.
Why did LBWR report a contractual document (USIS) with no date to the SEC?
Attention to detail?
LoL
Very easy to find auditors with integrity and WITHOUT a fraudulent history.
To make things WORSE, this company either failed to a run a check or ignored Moore's history.
Not a good thing.
So you agree that they've failed to provide clarity.
Attention to detail? Not with this company.
The document sent to the SEC, states "on this third day of", so you are saying that this took effect on April 30th?
All kinds of errors.
Looks bad for a company that performs "background checks".
Thanks for confirming MORE errors.
Yours truly,
Bill_Investor, CPA
Third day of what month? Thanks for proving my point.
Bill_Investor, CPA
LoL
Sure
Why no date on the USIS contract? Did attornies on both sides miss that one? A poor review for a company that performs background checks.
Oh well.
Wrong. The PCAOB issued another negative report involving Moore & Associates just a few months ago.
I don't buy the cash flow argument. There are plenty of small firms without a history like Moore.
Plus LBWR is a company that provides a background check service.
Perception from an independent outsider is important.
This is a game of perception, but you already know that. If I were part of LBWR management, I'd chose a larger firm and run background checks on the principals.
Then why haven't they fired Moore and Associates?
I've just started drilling down into Stocker's background. Back in 1998 he was affiliated with a public company called "Practical Plastics, Inc."
I'll follow this thread for awhile.
In my experience with this, the SEC is the trendsetter while the criminal case runs parallel. If two pleaded, then the criminal target may ultimately be Stocker.
I watched one case where the SEC filed a complaint, and the criminal case was settled four years after SEC fines were levied. In the end the ultimate target (company President) was sentenced to three years in the can (where he resides today).
I see you've dug this up before (Stocker), but I remember this name from another security I dug into a few years back. Posting so that I have a reference point.
Why would the IRS care? They have NOL's right now. You failed to think this thru.
If this were an "open-ended" PO, then the $2,500 limit would not have been imposed. So your response is incorrect.
By the way, a PO and an invoice are two separate documents.
Why no clear date on the USIS contract? Yet another "error"?
LoL
Why only a $2,500 PO from Lockheed? Sees like such a small amount, plus the PO is dated Jan 2008. Was another small PO issued in 2009, or did Lockheed stop working with Labwire?
http://idea.sec.gov/Archives/edgar/data/1426567/000134506708000042/ex1015.htm
If they are incorporated it does. Are you suggesting that Labwire is NOT a corporation?
Uh-Oh!
Sure, no problem. Please refer to page 20 from the IRS publication below.
http://www.irs.gov/pub/irs-pdf/i1120.pdf
Not necessarily on the tax filings. Remember, even if accrual based the M-1 section of the corporate returns will flush out non-deductible T&E, Allowance for Reserves, MACRS book to tax differences among other things.
GAAP applies even when there is no audit. The 9/30/08 LBWR statements included a "review" opinion, and the same would apply to a compilation.
Can someone explain why there is no date on this alleged contract with USIS? I'm not an attorney, but I did stay at a Holiday Inn Express recently.
http://idea.sec.gov/Archives/edgar/data/1426567/000134506708000042/ex102.htm
Thanks for proving my point.
Only about 21% of Veolia's revenue comes from their U.S. operations.
Are you suggesting that samples from Asia, France and Germany be sent to Houston, TX for analysis?
LoL
I disagree. Veolia has a rather strict timeable for clearing "new" employees prior to their first day. In addition, they have a "random" drug policy where the employee must immediately go to a facility for testing.
Like I said, 10 mile radius from each branch location for this type of testing/screening.
Common sense really.