Replies to post #253623 on MyECheck, Inc. (fka MYEC)

[PLUTUS]

Oh lookie, ed's out of DUI court.

[eqinvestor]

I agree. It is also made it much more serious when public officers make untrue statements. See the bottom of every 10Q and 10K filed with the SEC since SOX was enacted known as the SOX declaration.

I'm just saying but when personal expenses were paid with the Greenpay credit cards, I hope we can find Matthew Hanson to blame it on him.

I would bet there are credit card receipts. I'm loving the title Unpaid Consultant.

Glad Ed's out of court.

[binford04]

Considering the financials are undeniably wrong already, no I do not trust all auditors.

3 billion shares given to Ed in 2012 were accounted for at PAR value instead of market value. Definitely wrong 100% of the time. This is compensation to an employee and should be accounted for at fair value (market value). Thus, GAAP says there should be a $180 mil expense.

This frequently happens when you have a shitty auditor for multiple years in a row. Errors get covered up because a new auditor will only start their audit with beginning of the year balances. No auditor looks back more than 12 months unless they are paid to do so.