Replies to post #12248 on Olie Inc. (fka OLIE)

[janice shell]

Beats me. It's a waste of money, really. Perhaps they still haven't understood what the problem is.

[1manband]

Why do they continue to put out financials ?

Almost certainly in a misguided attempt to keep themselves out of prison. I have seen it many times before - after being caught in these scams, management attempts to pretend it was all a big mistake by trying to file their way out of it. They (or their counsel) thinks it will send a good-will message to the regulators and/or jury that it wasn't their fault and the continued filings prove they are really stand-up corporate citizens who deserve a second chance.

It doesn't work, BTW.