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Tuesday, July 01, 2008 10:46:00 AM
I believe that if the audit was completed and if the audited figures were fundamentally in accordance with NWOL's previously issued PR's, then NWOL would have posted it to their site and trumpeted it in a PR.
The fact that we have heard absolutely NOTHING from the company is a very strong indication that the auditors were not prepared to sign off on NWOL's financials and either resigned or were fired.
I can't explain why the term "terminated" was used but I believe that it is indicative that some action was taken by either the company or the auditors to sever the relationship. The explanation by some, that the auditors used that term in lieu of stating that the audit was completed so as NOT to provide INSIDER INFORMATION is IMO ludicrous on its face since without knowing whether the results of the audit are positive or negative, there is absolutely no trading advantage to be gained simply with the knowledge that the audit has been completed.
Bulls and Bears prosper, Pigs get slaughtered.
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