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Re: UpstateChris post# 25132

Monday, 03/14/2011 9:22:01 PM

Monday, March 14, 2011 9:22:01 PM

Post# of 34471
Let us all keep one MAJOR thing in perspective. At the worse you lost money, perhaps a lot of money. But you were not killed by a rushing wall of water, a terrorist attack, in a protest or otherwise. Please take some time to consider what you DIDNT lose.

Thanks for your good post. Most of us are indeed fortunate to have the opportunity to make mistakes and live to fight another day.

We know that Deloitte resigned for unknown reasons. We know that the CFO resigned for unknown reasons. That is all we know.

Unfortunately, we do know a few more negative things related to this story than the two items you named above:

1. The DTT resignation letter stated that DTT was no longer able to rely on the representations of management.

2. DTT's letter also stated that these issues may have adverse implications for the prior periods' financial reports and that, in their view, further investigatory procedures would be required to determine whether the prior periods' financial reports are reliable.

3. Nasdaq changed the Halt status from T1 to T12. Nasdaq has requested additional information from CMEE.

Just sayin....

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