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Wednesday, August 24, 2011 12:13:37 AM
The financials are prepared by the CFO of the company, reviewed by an independent CPA and signed by the CEO...as is customary of any publicly traded company. The officers of the company are going to follow the rules and file accordingly. We cannot pretend that the company did not come into existence as the result of a reverse merger!!.
If the company is going to successfully pass an audit, remain in good standing with OTC and eventually report to the SEC and apply for another exchange, pretending is not going to get it there.
The name of the game is transperancy as it is ..however bad the shell might be previously!.Wether we like it or not info on BMGI as part of PHAR'S past corporate structure has to be shown as it is with nothing hidden!.
We want strong ,intelligent hands on board..not jumpy day traders who jump at every shadow!.So when these new investors accept PHAR and get in ..they need to understand and accept the past shell too as previous corporate structure which had been reverse merged!.
I am sure that serious new investors would appreciate the honesty and transperancy of PHARMSTAR PHARMACEUTICALS in not hiding anything but keeping everything on the table as it is!!.
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