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Re: Schneidku40 post# 30214

Thursday, 03/31/2011 11:53:33 PM

Thursday, March 31, 2011 11:53:33 PM

Post# of 54416
No, of course not. However, SEC accounting is quite limiting in how it can be valued, especially at the time when Ferris threw it onto the company's books.

He essentially chose adding that "asset" to the company's books over a continuation of our audited/fully reporting status.

The biggest I-Hub "protester" at the time was the company's CFO who resigned in protest of the decision.

How does that decision look in retrospect?
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