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Re: AVII77 post# 98764

Saturday, 01/28/2017 12:02:10 PM

Saturday, January 28, 2017 12:02:10 PM

Post# of 710692
Actually, the Audit firm would have to note them each year if they had not taken steps to address those concerns.

Those types of concerns are a part of any audit process. When companies start-up, they go through similar processes to protect them, so that was a relatively regular part of that process and the audit firm raised the particular issues that ultimately became a weapon in the hands of those who sought to undermine the company's mission and it's share price.

As I said, if I were a shareholder at the time, I'd be seriously exploring suing the publishers of all these reports, starting with Phase Five, but not ending there. I'd make sure that those who published subsequent reports, if they relied upon those reports without doing the necessary diligence, were held liable for multiple torts, securities violations and I'd use every tool possible to get to the persons directing it, including civil RICO.
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