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03/15/16 7:48 PM

#56916 RE: Ready4bluesky #56915

You wrote:

I'm not sure you understand how a financial investigation works.

If the lawyers conducting the investigation were to review the confidential agreements with Cognate and determine that they were heavily skewed to the benefit of Cognate, do you have think they could just turn a blind eye when it comes time to release the final report to the general public and say everything looks fine and dandy...no problems here. All of the Phase Five allegations were baseless. Have you forgotten that Phase Five specifically mentions the Cognate relationship as a major red flag? The report should address those allegations, but how could they conduct a thorough review when the pertinent details have all been redacted from scrutiny?

Who do you think could be held liable if it became known that there were glaring problems and they didn't report it and instead portrayed that everything was fine?



Au contraire: perhaps you do not know how a financial investigation works.

If the investigators discover something is amiss with the agreements with Cognate, they could well report these findings. No blind eye. If the Phase 5 allegations are baseless, then they can report this too. Just because the P5 report raises a red flag, does not mean they are correct. "They" do not even state "who they are". You are jumping to conclusions by assuming that "pertinent details might be redacted from scrutiny".
If there are glaring problems, I suspect these will be reported once the investigation is complete. However, this does not mean that I suspect that the investigators will find any glaring problems. Let's see where things land.

DoGood_DoWell

03/15/16 8:39 PM

#56919 RE: Ready4bluesky #56915

Why are we even elevating Phase V as anything more than TP? The disclaimers say that what they wrote is unreliable bunk. Quit treating it as if it is some kind of divine treatise.

PacificNW

03/15/16 9:08 PM

#56924 RE: Ready4bluesky #56915

And what you just wrote isn't rocket science material, so why would the SEC grant an approval if your rocket science was correct? Wy would the SEC grant an approval of confidentiality knowing that an investigation is ongoing and covering I assume the exact agreements that the investigation is covering.
You just ignored that aspect didn't you to try to spin it to the negative.