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Re: DeltaBlue post# 4670

Monday, 07/14/2008 12:22:46 AM

Monday, July 14, 2008 12:22:46 AM

Post# of 11598
If your post was intended to confuse the issue, it has served its purpose. The plain fact of the matter is that whether or not the parent is also creating its financial statements and I use that term advisedly, there appears to be no legitimate reason for VRED to have NOT published a "cash flow statement and a statement of retained earnings"

The fact that the company uses a licensed accounting firm to prepare a "Compilation" which is nothing more than the accounting firm casting the company supplied unaudited figures in an acceptable format without expressing any opinion on the financial statements means absolutely nothing.

In FACT, if the accounting firm were to express an opinion on the financial statements it would be required to include in the opinion doubts as to the ability of the company to continue as a going concern.

Bulls and Bears prosper, Pigs get slaughtered.

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