Eco-Safe Systems USA (ESFS)

[payperview]

We all really know that the management of this company has lied repeatedly over the years. Therefore, there is no good reason to believe anything they say. Let them put out audited financials. I still have copies of all the financials going several years back, and these clearly show how they have played with the numbers, and done so in a highly inept way. The numbers on the balance sheet at the end of a period have to match the numbers at the beginning of the next. And it is not only a matter of numbers matching. It is a matter of disappearing lines of accounting in the books. And now, they are seven quarters late in reporting, which is something they have done in the past, skipping some quarterly releases. Not only that but there is a certain regularity in the way businesses spend money. They either have absolutely no idea of how to account for many things, such as a complete lack of understanding of accrual accounting. Or they are just lying. Actually, It has to be both. Any accounting software will automatically produce the right results unless one makes fraudulent changes. And, of course, any person with minimal knowledge of accounting will know how to hide the lies, not leave them wide in the open.