Lingerie Fighting Championships Inc (BOTY)

[gpg]

i considered buying some xodg a while back, but was concerned when i saw the independent auditor resigned last august.

http://biz.yahoo.com/e/090831/xodg.ob8-k.html

a change in auditors happens on occassion as companies often go out for bid to help lower their fees. however, auditors resigning happens much less frequently. could never get comfortable enough to pull the trigger on a buy here. with the cfo leaving and the late filing, another red flag in my book. the LED market is hot right now - look at CREE's recent earnings. still, i wouldn't touch this one until the integrity of the books/management was a little more clear. not making accusations here as all may be well, i would just be cautious here until some of these red flags are cleared up.