Reaper,
If you are accusing Breitling Energy or Chris Faulkner of intentionally posting fraudulent financial statements, you would also have to implicate one of the largest and most credible accounting and auditing firms in the world, KPMG as an accomplice.
First of all, I accused no one of anything, but if you change the "you" to "one," it would make it more clear it's a hypothetical.
Second, the statement is preposterous. KPMG didn't audit BECC and couldn't be an accomplice, except after the fact, which is highly unlikely. What you said simply makes no sense.
If one has no understanding of what auditors rely upon and one has never has heard of Arthur Anderson, one might think high-powered auditors guarantee a lack of fraud. Same goes for reserve reports.
Keep in mind that Breitling was not obligated to post audited financials. Faulkner went through added expense and time to ensure they were.
Why?
Why not provide unaudited financials that would be sufficient to retain his OTCQB status and allow him to dilute shares at a premium instead of a discount?
Faulkner is going to give away his company for pennies on the dollar?
I doubt it.
I do not know why Breitling does a lot of things. I do know I have never worked for an unaudited company or for a publicly traded company.
This is exactly why I consider bloggers to be absolutely worthless.
I would think so. Otherwise the stress of cognitive dissonance would be overwhelming.
In closing, just to make sure no one thinks I said something I didn't. I very clearly stated there was no evidence of financial statement fraud. To state otherwise, I would have to have inside information, which I do not.
LOL, IMO and FWIW.
