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Re: SirFelix post# 32830

Monday, 12/05/2011 10:00:30 AM

Monday, December 05, 2011 10:00:30 AM

Post# of 53798
Yeah it sucks. The only thing I can think of is that the market anticipated this a while ago so it's not really as huge of news as we would think. Or else they were expecting additional info in the PR relating to an uplist. All it talked about was becoming SEC-compliant.

What negatives could come out of this? I've never been invested in a stock that was in the process of becoming audited. I can't really think of any reason that the financials would get any better, I would think the rist is towards the downside. What are the chances they think Virtra overstated assets or understated liabilities, or had some other kind of accounting error?
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