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Tuesday, September 17, 2013 12:06:18 AM
Even though officers of VDSC might attest to the financials submitted to OTC Markets as being truthful, that does not mean that they officers themselves were truthful and that the financials are indeed correct. In the land of Pink Sheet companies, financial statements are often completely bogus.
IMO, the financial statements submitted to OTC Marckets by VDSC have been false in that they have not included all of the consolidated debt and have massively overstated assets.
The current CFO of VDSC, Ed Steinback, has been involved with multiple PK companies, some of which appear to be scams.
Do you have links to the specific filings you are referencing?
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