Cytogenix (fka CYGX)

[wifi_gamer]

The BIG Smoking Gun

Read the CFO's resignation letter...

http://www.sec.gov/Archives/edgar/data/1...

"This decision to resign has been prompted as well by your (Skolnick's) efforts over the past two weeks to pressure or coerce me into signing the Company’s Quarterly Report on Form 10-Q for the third quarter ended September 30, 2006, without providing me with appropriate access to resources and sufficient time to conduct the necessary work and research to be able to properly certify such financial statements. The two day time period given to me in your letter dated November 16, 2006, to prepare, review and certify the financial statements and other disclosure required in the Company’s Form 10-Q is completely impracticable and impossible. Further, there are serious disclosure issues relating to the Company’s pending private placement offering, its status, and our suspension, that need to be fully disclosed in the Company’s Form 10-Q, as well as appropriate Communication with prospective investors. On advice of counsel, it is clear that my ability to meet my obligations under the Sabanes Oxley Act would be severely compromised if I were to certify the Company’s 10-Q under these circumstances."

WOW...there it is, the CFO was suspended and then resigned because he would not sign the last 10Q because he didn't want to go to jail and wished to keep his integrity and certification standing intact.

One can only assume that the COO was suspended and resigned for the same reasons...refusing to sign the fraudulently prepared 10Q.