Replies to post #19869 on Tactical Air Defense Services, Inc.(fka TADF)

[Vegas Matt]

Did the company, or anyone else, ever provide a summary
of what happened, and why this has happened to them?
Anything they posted more recently summarizing these contracts
they were always going after, etc.??

I guess it is just a lesson in pennyland.

I'd say no chance at all. As far as I could tell, they cooked the share count and the SEC was on to them. If they did an audited 10K, including re-auditing the books from '09 forward as the SEC was asking, they would have to cop to the fraud, pay the fines, possibly face criminal charges, civil suits, and it's too late now anyway. Now even if a civil suit was started, there is no reliable evidence of the fraud in their filings, because they can not be relied upon as filed.

All you have now in TADF shares that you can count on, is a tax deduction