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Monday, June 28, 2010 4:01:43 PM
If QED are a technology company and own the technology then their filings are accurate.
If QED do not own the technology then their filings would be "inaccurate" because they do indeed have a supplier, and a single source at that, and one has to wonder why? The only answer is that nobody would buy shares in a company which does not own the products they are selling.
Quod Erat Demonstrandum. It is for someone in authority to rule how serious these "inaccuracies" in the filings are and whether the company has a case to answer to the SEC for investers investing in a cloud technology company which wasn't really what it seemed to be based on the filings. I am sure there is a technical term for it but it doesn't spring to mind.
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