On4 Communications Inc (ONCI)

[mary777]

I agree with that assessment. I also feel that SB found out about the debt, thought he could weasel his way out of it, and get the audit done on time.

Then one can ask the question: WHEN did he find out about it?

If it was months ago, then I can believe that he thought he could get out of it and get the audit done.

If he found out about it a week before the 31st, and knew the audit would not get completed, then he should have sent out a shareholder letter.

That letter he sent was prepared. Which leads me to believe he knew about this long ago, tried to get it all done, and failed.