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Re: snakecorleone post# 44875

Friday, 09/10/2010 4:39:49 PM

Friday, September 10, 2010 4:39:49 PM

Post# of 371885
The fact that they reference Hogan Taylor in the unaudited report is a REALLY good sign guys. I used to work as a CFO of a public company. We often had quarterly audits and IMHO Hogan Taylor must think there is credible evidence for HH to post the library valuation that high. Otherwise, they would have STRONGLY ENCOURAGED HH TO LOWER THE VALUATION EVEN PRIOR TO OFFICIAL AUDITED RESULTS. THIS WAS NOT DONE. The job of the auditors is to verify HH's management assertions. They would have made HH lower the estimates from the 1st qtr if it was not in the ballpark.