The take away I have from this SEC filing is very important to me as a shareholder. The SEC appears to have finally fingered the culprits, in a nefarious act to defraud we commoners, that has seriously impacted all of the financial statements from 2004 thru 2006. (And yes, I think Tim Huff may end up at the end of the short rope as well.)
It is little wonder why the 2004 restatement took as long as it did to be released, and is understandable, yet painful, how long the 2005 , and 2006's are taking.
What I object to is the silence from the company about the PLAN going forward.
All of this hindsight stuff is just wonderful, but in fact does nothing for shareholder value going forward.
I want our CEO to tell us what we have from this mess, to ground going ahead, that gives us a strong belief that what he has in hand can translate into real value.
Right now...
We have nothing.
m
Before dawn there is darkness.
