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Wednesday, June 13, 2007 12:15:00 PM
Unfortunately, this may not be the case. The AFs may show that SLJB met their revenue claims. The explanation: The audit itself will be a fraud. Why oh why would a company under a cloud of suspicion regarding the veracity of its claims in PRs hire an auditor that (A) has a very bad reputation in terms of integrity and (B) is over 1000 miles away?
The answer that seems most likely to me is that Turner Stone are probably buddies with Andrew Devries and have been, in the past, a party to his other frauds.
Just my opinion.
If SLJB release audited financials that paint a very rosey (but inaccurate) picture, they may buy some more time to dump shares, but sooner or later they will be caught out.
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