I don't think you can hold Dohan responsible for correcting the financial's after they warned GTEM of material weaknesses in internal control and operations. That would be something the CFO and the independent auditors should have done properly and the CEO should not have signed off. Once signing off in spite of the warnings he is taken the responsibility.
I just got through with the IRS for my 2005 income tax. My bank merged and on my yearly summery of the stock transaction statements they missed reporting 3 sales during the period of the merger. The IRS figured out the 3 sales and billed me for the sales and I had to prove the cost of the purchases.
When I had my income tax done by my CPA he preferred to take the statement from the bank and not from my own records. When I brought this to his attention and showed him the transactions in question were on my personal summery. He still wanted to charge me for doing an amended tax, saying he is only as good as the information provided.
I left his office and got another CPA which I paid, only to find out he made such a mess and said the Federal Government owed me money. I said how can I have more income and the government owe me money?
I went back to my original CPA, kissed his ass, and paid to have him do it correctly.
A lesson learned!
Somehow I think Globetel did the same thing.
"There is no great honor these days in being a long (very long).......
Not a lot of profit either it seems."