Replies to post #19885 on Tactical Air Defense Services, Inc.(fka TADF)

[#1 PATRIOTS_RSOX FAN]

worthless shares, unless company does the right thing and file to get things back and happening

[Gaintrader]

As it appears, the story goes something like this;

TADF operations were all mainly just a bunch of made up BS stories. Management's only goal was to get paid thru the issuing of TADF common shares (IMHO). It seems the SEC started to looking into TADF's financial reports and apparently found some irregularities with TADF's reported share counts, and thus pursued the CPA that had signed off on their "audited" financial reports, and popped him for fraud (see link below).

That left TADF management with the required responsibility to get all their financial reports re-audited back as far as 2009, and then file those amended reports, and more, just to get back to a current condition with the SEC. My guess is that if management had had the books properly audited, the auditing firm would have easily found fraud(s) that they would then be compelled by law to report to the authorities, to avoid Mr. Pollard's fate.

Since management had no real desire to be charged with securities fraud themselves, they just went dark until the SEC revoked their ticker, because the SEC really had no other options without any evidence. Basically with no evidence tying TADF's principles directly to creating the share count fraud, they walk, and can't even be sued, because all the filed reports "can no longer be relied upon" like in a court of law.

As Dale11 said, "That will never happen" and as I hope you can now see, for very good reasons. The end of the story is that all shares of TADF are now a total 100% unquestionable loss at this point, and will never ever be anything else.

CPA Malcolm Pollard's admitted TADF fraud problems with the PCAOB;
http://www.sec.gov/litigation/admin/2013/34-70564.pdf