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Re: jean1057 post# 2569

Thursday, 11/09/2006 12:45:19 PM

Thursday, November 09, 2006 12:45:19 PM

Post# of 49486
on the other hand..they might just file chapter 11..that is just another possibility..because what caused my attention in the PR posted was the following excerpt:
The company's counsel has also retained a special tax attorney and cpa to determine the financial condition of the company and a forensic accounting firm to look into any possible improprieties that may or may not have occurred.

it states..financial condition of the company, and not of the Hotel...strange wording in my humble opinion.
I do not say that they will do the above, but nothing is out of question at the moment...unless they update us in regard of the companies financial condition which seems less than accurate from the last unaudited update on the website...at least they acknowledge that fact with the above statement..