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Wednesday, July 08, 2009 11:02:39 AM
There are a TONNE of official misleading Press Releases I'll give you a couple of examples now. There are tonne more..but I think you get the idea. I'll quote official sources...the company's own website.
1) Go to the company's website and under Investor Relations, click Press Releases. Now go to the August 29, 2007 PR where he released financials for 2007 Q1/Q2 and 2006. These were to be audited by a proper auditor. There was no recession in 2006/2007. He claimed year over year increase of 220% in revenues and 255% in profits. Why not back up that claim with audits? The PR clearly stated in the 2nd paragraph, "Somatic Systems' financial reports were prepared in a manner enabling easy transition to the auditing process.". 2 yrs later, it doesn't seem like an easy transition, does it? There was even a mention of completing the auditing process as a part of uplisting in 2008. Misleading PR? I think so
2) Then go to the PR dated July 31 about being Nationally Certified Taining Program. It never happened...there are other companies that offer somatics that are listed with NCBTMB, but Somatics isn't there. Hence, it's a false and misleading PR.
I'm not gonna bash him left right and centre..but won't stand for any claims that he's been honest and is trustworthy.
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