Spectacular Solar Inc (SPSO)

[Manti]

Yes, the CEO was the messenger, but he undoubtedly was relying on input from the CFO.

That being said, Doug is where the responsibility lies, and he took steps to rectify the situation. He is probably also the one who was loose with the record keeping making it difficult to put together this first audit.

It's not uncommon for individuals who are basically a one man show to co-mingle funds from various jobs since it is easier and takes less time at the moment. Credit cards are easy, as well as cash when you're in a hurry. I wouldn't be the least bit surprised if he not only co-mingled funds between jobs, but different companies as well.

Once he gets through this first one, the future should be relatively smooth sailing.