I take all this as a positive sign. Price Waterhouse is a heavy hitter CPA firm, Law Firm is as well. I still believe the money is there as I buy the theory that Lee Cole to prevent KD from spending it, moved it out of his control. So if that is the case, then the forensic accounting will exam the transfers and if it is still there then ALL the better.
This is in my opinion the start of a series of PRs that will roll out over the next month or so. Once financials are reinstated with an opinion then we get back to the question of the results of 2009 (remember CPAs pulled 2008 and prior statements opinion) and THEN is the business model/business intact to go forward with sucessful 2010 and beyond.
Always darkest before the dawn and a PPS of 17c is pretty damn dark in my book.
Tomorrows market reaction will tell you if todays low volume was because there were no sellers versus no buyers
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