Replies to post #139409 on On4 Communications Inc (ONCI)

[SooS416]

Going concern just has to do with the companies ability to continue to operate, the going concern doesn't have to do with fraud or other material mistatements of the financials.

My point was if Mazars just performs a review and then some massive fraud comes to light and Mazars name is attached to the company it will not be a good thing optically, would they be legally responsible? No of course not, but from a reputation standpoint it would not be a good thing and not sure why they would risk that for a review of a pink sheet OTC stock.

Mazars currently does not have any OTC clients so far as I can tell, so I do not see why they would take the risk.

[zombywolf]

Actually, ONCI never said on the tweet that that letter was to confirm an audit. All they said was that it was "Mazars letter to our CFO Alan Baily" (sic). Why post the letter from Mazars and not say what it was about? If it was to confirm an audit, WHY NOT SAY THAT? Because they couldnt- if they said the fake letter was about that, then they were liable to be sued. Right now, it is just a letter from Mazars, and just as well could be their recipe for cranberry sauce. Or a fake letter made up.