Patriot Energy Corporation (PGYC)

[Darth Trader]

I dont agree. I've been involved in mergers and buyouts and know that a legitimate company will do its DD via independent third party audit with NO exceptions! The shareholders (senior and executive, as well as any publically traded group of shareholders) would demand an audit and review of the asset to be procured. Standard policy from my experience.

This also prevents any "we didn't know that" in the process and really steers off any future potential litigation (such as environmental, permits, licenses and other agreements). Even when you buy a house from another person, the title company does its work to ensure the buyer has "clear title." This practice is no different in business, to make sure a financial position is secure.

I'm not an expert in any of this, but know what I've been involved in and can see some common sense in this. I think this is still a valid point and know if I'm the buyer, I'd do the same.

Cheers,

Phil