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Makamai

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Makamai

Re: RichieBoy post# 3831

Thursday, 01/29/2009 6:39:23 PM

Thursday, January 29, 2009 6:39:23 PM

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Richie, from what I understand, the audit delay is the result of new SEC rules & regulations after the fall apart in the market. Guy Madooff who scammed everyone, Fannie Mae and Freddie Mac, etc., added fodder to the fire so to speak. Magnum is going back and looking at all that's happened in the past so the company is totally in complaince. Remember, they have one of the top auditing firms in the country doing it, but I'm sure that Magnum isn't their only client. IMHO, better to get it done now than later.

Makamai
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