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Re: 1jk1 post# 304504

Monday, 03/29/2010 8:32:50 PM

Monday, March 29, 2010 8:32:50 PM

Post# of 346918
1jk1 - you were doing really well until you said "It seems the company pretty much keeps up with there end of there bargain". Management has clearly not held their end! Without the 10K all other secondary information is meaningless (unless your big into wishfull thinking and invest on that basis). For example - what assets did they get with Dicon? what is the audited O/S? what is their cost of operations? do you have tax loss? Audited sales and G&A expenses? how much profit do you keep from each sponge? Footnote disclosures on law litigation.... and the list goes on and on. Without audit accounts YOU DON'T HAVE A STARTING POINT FOR THE FUTURE THAT EVERYONE CAN AGREE UPON. And without starting point everyone is inititled to their own story and ending (all thanks to management)
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