This latest news is just the icing on the cake. There's obviously no cash, and it's possible there never has been. There is simply no evidence that this is a real operating business; it sounds like a house of cards. Real companies simply don't act this way.
grampie,
I agree with your statement. I believe that EGMI is doing serious damage control now by hiring G.C. Andersen Partners because the audit report that is about to be released isn't going to be pretty. It also would not surprise me that KD already knows the outcome of the final audit report either. Good luck to those who are still holding. I'm out 100%.
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