Is the fact that the Chapter 7 Trustee hired a forensic accounting firm to analyse TIV's accounting and Insider transactions meaningful? I sure think it is because I have long questioned the possibly incestuous(?), if any, relationship (good old buddies from Bakersfield?) between Blystone, his CFO's and their long time accounting firm that audited their books and signed off on stuff for decades while Blystone controlled TIV with an "iron fist". I forget the name of that firm...I seem to recall some accountant named Bob, Brad or Burt Armstrong who was a very very dear/close personal and family friend of Blystone and I believe his accounting firm audited all the TIV's books for decades, right? Did that accounting firm and/or CFO's put in "going concerns" early on when possibly they should have to warn shareholders of existing or pending financial problems? All we ever read was grand, glorious and embellished newsletters from Blystone. Did they make darn sure all TIV "income" was allocated correctly, like show that income was really from Working Interest partners earmarked for specific drilling or acquisition purposes and not TIV's corporate funds for them to use for overhead, or 100% owned TIV properties? That could possibly make things "look" different than they actually were so shareholders didn't get "spooked" and sell shares, no??
I'm sure all those folks were on the up and up and there wasn't any shenanigans but since there is now a forensic accounting firm reviewing everything TIV did in past (or hopefully they are), I would love for them to make darn sure there weren't any shenanigans and/or hanky panky going on between close friends (between Officer/Directors/accounting firms, etc?) and everything was done according to the law and SEC regulations. And if not, I would like anyone involved, if any, to be prosecuted to the full extent of the federal, state and local laws, since so many shareholders and investors (and vendors?) collectively lost over $100 million of this debacle.
Just my personal opinions with no facts or true names asserted or inserted. It may all be fictitious.
AI
