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pinkyringcapital

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pinkyringcapital

Re: mr_herzog post# 3388

Thursday, 06/03/2010 2:51:29 PM

Thursday, June 03, 2010 2:51:29 PM

Post# of 7206
Ernst & Young's response seems pretty boilerplate. They haven't seen the environmental reserve calculation so they can't really say if their 2007 and prior audits can't be relied upon. Based on the agreements reached with the EPA and others I'd say it is pretty obvious that the reserves were understated. Doesn't matter right now. Tronox brings in new auditors and moves forward.
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