A Trio of answers:
1) Milplease: I would say a 3% stake in a company, eventually sold for $70 Million, disappearing from a financial sheet is definitely a material item that 100% has to be included. Are you saying a 3% stake in a company is not material enough to be included? Are you comparing this to paper clips, which even a legitimate company would put in the SGA.
At the time this first came up, there were quite a few loyal longs who were going to check with their personal accountants if thie explanation should have been listed on the financials, Funny, none reported back that it should not have. No Accountant would ever say this should not have been documented. I checked with mine and he laughed at the question.
2) Mitch- It has been reported to the SEC. I posted it to warn people not to buy this stock, and DABOSS asked me to post an accounting irregularity. This one is an obvious.
3) DABOSS - You replies are getting deperate. This irregularity shows up in 4 yearly financials. And you comment Falk wasn't there in 1997. You are really a piece of work, and earn your money...