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Re: JamesPettigrew post# 33880

Saturday, 04/07/2018 10:26:58 PM

Saturday, April 07, 2018 10:26:58 PM

Post# of 34093
It's there. 38 minutes long. They only took 1 caller who asked several questions.

Some self-reflection from JR, but also a lot of self-denial. Said that he had been through 5 auditors and finally he realized the problem was him not the auditors. So, he outsourced accounting to another firm.

Also maniacally maintains that AP is still overstated. This used to be his go-to argument with auditors. It was funny -- JR would say nope that's an old invoice don't owe it. Then the vendor would sue and JR would negotiate a settlement for paid in full. But JRJR still never owed the invoice!

Caller asked why should we trust the unaudited numbers with the black cloud over JRJR and JR didn't have a good answer. Also said a big M&A deal was in the pipeline but got trashed due to auditor problems. Not sure I believe that.

JRJR has just bumbled and stumbled along from 2013 with no leadership from the Rochons. Lots of grifting out the investors too. Why anyone believes JR now is totally a fool.