Investors deserve to know the TRUTH..
Enough with the lies, the spin, the 'half truths,' the barely-legal, the hiding behind 'safe harbor' statments. Eddie Vakser issued a blizzard of public statements and, consequently, took in a SH*TLOAD of money from investors. SO WHERE DID THE MONEY GO? How was it used?
As far as I can tell, there has NEVER been an independently audited financial statement (If I'm wrong, someone correct me). The CPA statement Eddie posts is usless. As I read it it says "I'm offering an opinion based on the financial information I'm given." He makes no assertion whatsoever regarding the truthfulness of anything that followed that.
Also, as far as I can tell, Christopher Miner (Artfest's mystery "Chief Financial Officer") has never personally signed off on any financial statement!!! (Again, If I'm wrong, someone please correct me). What I HAVE seen are many filings (since the big announcement about Miner becoming CFO a year ago) that Eddie has signed in which he is also identified as being both "CFO and Principal Financial Officer."
In a nutshell... it strikes me that EDDIE MANUFACTURES HIS OWN NUMBERS WHICH ARE RUBBER STAMPED BY HIS "RENT-A-CPA," ENDORSED BY HIS PROXY CFO(i.e. Miner).. AND INVESTORS ARE DUPED BY THE ILLUSION OF HONESTY AND TRANSPARENCY WHEN THERE APPEARS TO BE NO REAL 'CHECKS AND BALANCES.'
A THOROUGH AND INDEPENDENT AUDIT IS CALLED FOR... SOMETHING THE IRS IS REEEEEALLY GOOD AT.[/B]
IF IT CAN BE PROVEN THAT EDDIE DIDN'T SPEND INVESTORS MONEY IN APPROPRIATE WAYS.. OR IF THOSE MONIES WOUND UP IN HIS PERSONAL POCKET OR SECRETLY STASHED OFFSHORE.. THEN THERE MAY BE A CHANCE THOSE FUNDS CAN BE CLAWED BACK.
