Artificial Life Inc. (ALIF)

[pegasus1]

Held this stock off and on over the last two years. After losing money the first 2 times I held it, decided to take the plunge about 3 months prior to last week's announcement about the loss of KPMG. As soon as that came out, I sold for yet another loss.

Should've learned my lesson from another OTC stock, EGMI. Whenever the auditors disagree, watch out. Odds are with the latest announcement of a law firm involved and potential for litigation, the company will be unable to retain auditors. No one will want to touch them.

KPMG is very reputable. For the company to disagree with the auditors rather than make the adjustments is a major red flag there will be restatements, if another auditor can be retained.

Good luck to those of you holding. I should've learned my lesson the first 2 times, especially after the EGMI fraud.

Unfortunately, I see this one going to the pink sheets.