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Re: Steppenwolf_Speaks post# 37680

Monday, 07/20/2015 6:42:42 PM

Monday, July 20, 2015 6:42:42 PM

Post# of 718576
In fact it is nothing like saying that "I haven't broken the law because I haven't been caught", If you haven't broken the law then you haven't broken the law. That is the jump that you are making. You assume that internal control weakness is a material misstatement. Internal control weakness will never equal a material misstatement they are two separate things.

Now you are injecting opinion as to why there is no CFO as though there is only one reason? Really?

Also to confirm material misstatements happen when material misstatements are reported in some sort of filing requirement (SEC, IRS, or third party). Finding out about them is a subsequent event. Just to point out the flaw in your argument that they only happen upon admitting or being caught.

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