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Re: The_Free_Nebula post# 170569

Thursday, 11/16/2006 6:32:05 PM

Thursday, November 16, 2006 6:32:05 PM

Post# of 311080
That's not a stupid theory at all. It's actually the most likely explain for why the AFs were finished save for minor changes 3 weeks ago, then completely finished last night, and are now back up in the air.

I mentioned to someone else the oddity of putting the audited financials on the website as opposed to in a PR. My theory being the main difference is the degree of legal culpability when you make statements in each medium.

Statements made in PR are far easier to prosecute, and far more severe if false, than something listed on a website.

I also believe this would explain Petar's own admission last night that if anything is filed with Edgar, it won't be in the form of a 10k.

A 10k requires a sarbanes-oxley signoff, and if those audited financials prove to be problematic you're dead in the water. An 8k is less definitive.


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