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Re: BookUmDano post# 66070

Saturday, 02/24/2007 8:58:22 PM

Saturday, February 24, 2007 8:58:22 PM

Post# of 82841
Perhaps, but have they really accomplished that? I sincerely doubt it. Halting trading for ten days without publicly stating an initial finding is a nonsensical approach to take. Any auditing agency in the world would in a matter of a couple of weeks be able to issue an initial finding. Not something set in stone, but certainly helpful to those willing to make a decision in regard to purchasing.

The process they have in place is a disgrace to sound auditing practices. It's the equivalent of locking someone in jail for ten days, letting them go with ankle cuffs and then not issuing a charge. The process allows companies to say anything to future or past shareholders they want, with very little else to go on opposing those statements.



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