EZ Traders Forum

[RBisPoo]

Posted by: Rigel_7
In reply to: None Date:4/6/2005 12:10:09 PM
Post #of 137

Going Concern Removed - Excellent News

Spent some time reading through the 10K recently, and comparing bits and pieces of it to last year's 10K. Some sections I skim and others I really read thoroughly. One of those sections I read in detail is the Report from the Independent Auditor. Last year the auditors raised doubt about the company continuing as a going concern. They cited operating losses and limited cash flow.

This year, however, as I read through that same section I realized that the auditors did not cite any of these issues, and there was no discussion about the going concerns regarding the company's financial situation.

I think this is really excellent news and should put a lot of investors at ease when considering getting involved with SOYO. I'm sure management is also pleased that these concerns have been removed. Congratulations to them for doing what they are supposed to do. Go SOYO!



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