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Re: Sam Dan post# 100553

Friday, 08/26/2011 11:04:12 AM

Friday, August 26, 2011 11:04:12 AM

Post# of 103308
An AUDITOR has to check title of all property that LLEG had dealings with to assure that the properties have been properly identified.

Amongst many other contracts and matters.
normally an audit can take more time then an accounting!!



Multinational corporations on the NYSE must submit a 10Q every 3 months. LLEG is not a major multinational corporation. Neither is it the case this company has a stack of past closed projects to audit. The number of agreements to be audited for LLEG to generate a 10Q is trivial, in comparison to what a large corporation generates every quarter.

Let's rephrase my previous question: How long are stockholders prepared to give LLEG to generate a 10Q, which by definition should only take 3 months to generate?

Then again, the SEC doesn't require a Grey stock to submit a 10Q.

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