Somatic Systems Inc (SMAS)

[rx81]

FlaFlyersFan, the Safe Harbour Act only protects him from forward looking statements, not statements on what has been done.

Some things he said that have been done -
hiring of an auditor
audit being 70% complete

what about the financials that were released showing 220% year over year increase in revenues and 255% increase in gross profits that were supposed to be audited? In those financial statements, Steve also signed off that office space was costing him 10,000 per month and an issuance of 3 billion shares with a market value of nearly $204,000 meaning each share was sold at 0.00006. That's pretty influential information.

The third page of the financial statement for 2007 Q2 states with his signature

I, Steven Aronstein, Chief Executive Officer of Somatic Systems, Inc., hereby certify that the consolidated interim financial statements filed herewith and the attached notes, fairly present, in all material respects, the financial position, results of operations and cash flows as of and for the period ending March 31, 2007, in conformity with generally
accepted accounting principles in the United States of America for financial statements, consistently applied.
Dated this 28th day of August, 2007

I'd say there's a lot of information out there for court's review.