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Re: purduecrew post# 123052

Tuesday, 04/21/2009 9:19:48 PM

Tuesday, April 21, 2009 9:19:48 PM

Post# of 192568
Those are just the accounting rules. That is what dictates how the financial statements (audit) will be prepared. The stock price is a forward predictor of value and should reflect expected value of all kinds of things -- the formulas, the contracts, the cash flow, the unique product meeting needs of eager users, etc. And that is why we are here -- not the historical financial statements. The audit will verify historical information and the systems the company uses to record transactions, but will not "verify" a valid stock price. It legimitizes the assets and the liabilities of the company. There have been some erroneous information in the postings the past few days about the financial statements and I wanted to clear a couple of them up.