Tuesday, April 23, 2013 2:16:30 PM
Management, the accountant and the lawyer who signed off on the earnings numbers are putting themselves in major legal jeopardy should those numbers be false. Lets just say Michelle's $2m take in early March would likely go to legal fees and maybe a few leftover scraps would go to lucky investors should those earnings be tainted.
Hopefully the audited earnings will shed some better light as to the sources of revenues. Obviously, the CANV deal needs to be clarified. Personally, I do not think the shares granted in the deal should be reported as income unless they are liquidated but the shares most definitely are assets.
Keep your eyes open and your mind will follow.
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