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Re: caseytrader post# 177316

Monday, 11/23/2009 11:44:03 AM

Monday, November 23, 2009 11:44:03 AM

Post# of 202893
Determining cutoffs and reserves against values is not as easy as some non-financial types think it is, and can be extremely time consuming, especially for inventories and accrued liabilities.

The notes and management discussion and analysis should be very interesting this quarter. Even though the 10Q is technically "unaudited", I'm sure both the legal beagles and the pubic accountants had a lot of "back and forth" with management as to the content.

I have a feeling that the "going concern" comments won't make us too warm and fuzzy, unless they surprise us at the same time with a new LOC announcement.

I'm just basing this on what little I've read here, past financials, and a modicum of SEC reporting experience.

I could be wrong. It might be as simple as their controller-in-waiting possibly coming down with the flu.


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prosperous, welfare recipients would be the richest people on the
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