CyberKey Solutions fka CKYS

[otccapitalgroup]

I am sure everybody here knows this, and maybe it has been brought up on the board before, but, according to the SEC release, it is looking in to CKYS's accounting issues, and I understand why.

Look at the financial statements for the period ended june 30, 2006. The Company reported something like $20-$25 million in revenue...AND $19 million in accounts receivable....

How does a $25 million govenrment contract equal $25 million in revenue and $19 million in accounts receivable ($44 million)? Just a thought...looks like the Company double booked its contract, and therefore made it look like it had more assets or revenue than it actually did....even if it is unaudited, it is still misleading, and im guessing thats why the SEC stepped in....but I dont know if CKYS did it on purpose or not...good luck to all