![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, September 10, 2013 10:13:05 AM
When he was in charge of RLTR, he wouldn't pay the auditors and they wouldn't release the audit without a final payment. He told the board of the other company that he had paid, but he had siphoned the money. If he did that then, he would do it now.
But this time around he doesn't have the money, and you know it. Even if he meant to do it, he doesn't have the money. The unaudited financial released prove it--unless, of course, the unaudited financial releases are a lie.
The audit of BCCI would cost six figures. Thousands of transactions in the books would have to be backed out and re-entered. The "Legal/Compliance" accounting line has to be removed, and those amounts will have to be attributed to the actual quarter in which the expense took place. In case for investor that do not know it, this has to do with the non-payment of payroll for which the company was sued and lost in court.
All the expenses will have to be attributed to the right quarter and separated by location, and the cost of doing business will gone way up.
All of this simply won't happen. He is already under investigation. I cannot see the government agencies or the NASDAQ giving him a pass.
Element79 Gold Corp Appoints Warren Levy to Board of Directors • ELMGF • Aug 28, 2024 9:51 AM
Integrated Ventures Announces Strategic Entry Into Health & Wellness Industry with Focus on GLP-1 Products • INTV • Aug 28, 2024 8:30 AM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM