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Oh yeah the mythical Exhibit A numbers.
Got it.
Keep up your motivated reasoning
But you said "So that info was filed long ago . We know MEC takes around .11 per transaction . It’s in the contract and on the books . Nice try! "
Could you give me the link to that? I know it's somewhere but I can't find it right now.
Thanks
Hard to say. They haven't told me much in a few weeks other than they're investigating. I really don't have a clue at which stage they are. I wouldn't be surprised if it was bc of the 211, but I also wouldn't be surprised if it was one of the other hundred messes Ed is in.
I actually don't think I will get any new info until everything is complete.
This stock is going to buy me my dream house in Utah.
I can feel it!
I agree. A little pullback after the climb, but I truly believe this thing has promise. It wont be easy but maybe possibly hopefully we have a winner
CATFISH
Don't have PM.
Just looking at the relation
Do you know someone named Steven Scott related to Greenpay?
Deal :)
I haven't heard anything in a week or two. They told me they probably wouldn't keep me abreast of happenings. So I really have no clue now. Hopefully something is happening though.
Which is the exact same thing you're arguing, that the judge reviewed the real estate and whatnot. You don't know either
Considered doesn't not equal verified. He considered as much as he needed to throw out the case, which was wasn't much considering Ken's poor case.
And auditors are great. Until they aren't. Waste Management, Enron, Worldcom, Tyco, AIG, Bernie Madoff, etc, etc, etc, etc, were all audited multiple times a year but still pulled off billions in fraud.
End of discussion.
The fact the financials were audited means something, but not everything. Literally every major fraud/scam/ponzi scheme came from a company that was fully audited and deemed compliant by someone.
Also quit saying the lawsuit addressed everything. That is extremely misleading. The judge never even addressed the real estate or other accounting errors because he didn't have to. Ken presented a weak case and it was thrown out as it should have been.
Their eyes have already "popped" bud. For the stock compensation at least. I really doubt they would expand their search into real estate though. That being said, the stock compensation is all I care about.
Sound logic
Oh in that case I'll withdraw the claim because hugh jackoman said so
Just preliminary stuff and that they are investigating it
you're right I'm lying
Right. They don't care at all about $180 mil in unreported income.
Please check out an IRS Form 211 and then revise your statement.
Good luck to you as well
A big part of his allegations was that Greenpay, Sierra, and MYEC are all related parties, so timing wouldn't make a difference.
The rest of the defense was that Ken didn't prove anything, which he didn't. Nowhere in the entire thing did they have to defend any decisions they've made in the past.
You documented it better than me.
No where in that whole defense does it say anything to the effect of "we knew about the transactions and deemed them legit." They only say he failed to prove anything.
They had the correct defense and it allowed them win without admitting anything.
Don't create words that aren't there. The gist of the defense was:
If every form filed by any public company is always accurate then we wouldn't have Sarbanes Oxley
I am a CPA and I can tell you there is literally no accounting standard that allows you to value stock compensation at par when it is transferred. That is about as black and white as any accusation ever made against this company.
And no... the judge did not rule on anything saying the auditors were correct. He just correctly threw out an erroneously filed suit
how about these bizarre claims?
But but but mom!! The now deleted Facebook message clearly stated that Ed is a saint and MYEC will make me millions!! But but but Ed told me that unicorns fart rainbows and gumdrops!!
But don't you worry. You'll be a millionaire someday.
SOON
None of the specifics in the lawsuit were addressed because they didn't have to be.
The lawsuit was poorly thought out, in the wrong jurisdiction, written by an amateur, and frankly didn't address anything required by the law. THAT is the reason it was dismissed.
Anyone who doesn't have delusions of grandeur can see that MYEC & Greenpay own multiple luxury properties.
End of discussion.
Our materiality in our audits is about 2-5% of total assets or revenues, depending on what the company does.
So that's just silly
Like those expert auditors that don't know how to record stock compensation.
SMH
Thanks?
Nope you won. Congrats!!
I know. What day did you send yours?
Noooo. What date? Did you beat me to it??
Did you send a 211?
Maciora: There's been a mistake
MYEC longs: did you say steak?
I know right?
Anyone who has taken Accounting 101 can see that was recorded improperly. It's not even something you can speculate about like the real estate or whatever people are talking about now. It's a blatant fact in black and white.
Well they obvious erred because there isn't a negative $180 mil retained earnings.
Considering the financials are undeniably wrong already, no I do not trust all auditors.
3 billion shares given to Ed in 2012 were accounted for at PAR value instead of market value. Definitely wrong 100% of the time. This is compensation to an employee and should be accounted for at fair value (market value). Thus, GAAP says there should be a $180 mil expense.
This frequently happens when you have a shitty auditor for multiple years in a row. Errors get covered up because a new auditor will only start their audit with beginning of the year balances. No auditor looks back more than 12 months unless they are paid to do so.