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Re: rpt post# 188161

Thursday, 07/10/2008 12:53:16 PM

Thursday, July 10, 2008 12:53:16 PM

Post# of 246383
Even though they aren't audited, they are reviewed by the auditing firm for reasonableness. Most firms aren't letting these go out without a good examination - despite what the disclaimers say. Too many firms have faced litigation despite the disclaimer.

As for SWVC, the cash flow statement isn't that complex to generate, and with this Company I'm primarily focusing on net income (excluding non-cash expenses) and financing area (now what looks like repayment of debt).

“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”
Winston Churchill