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Thursday, August 01, 2013 9:12:28 PM
Further, our President certified that the accountant's statement that everything which L L Bradford said regarding the misrepresentation of prior reported assets, revenues, profits and retained earnings was correct. In essence, our President affirmed the several years of mis-speaking.
As for the $ 88 million, at best it is booked income which is not useable for day to day costs or to invest in other businesses.
We need to consider the accountant's proof that since we had no cash prior his statement and that anything that was reported as being earned was untouchable then how could we ethically go an negotiate with VSTA to invest in their firm in the first half of 2013 knowing full well that there was no cash to do so?
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