Looking at the history of this stock, since July 1/05, the stock (lfwk) declined from 30 cents to 2 cents averaging 18.5 cents to Sept 15/05. Volume during that period was extremely low by today's standardse frame so the stock traded less than 25 million shares. Since Sept 15/05 to Feb 28/06, the stock price averaged .5 cents with volume fairly heavy 1billion shares traded for this period. Is this the timeframe that Party bought his 40 million sub one penny? This means to me that if the company was significantly shorted in the amount of 200 million it would have occurred post September 15/05 at an average price of half a cent; and with the current price in excess of 7 cents since the end of July, the alarm bells would have gone off due to the short position priced at market (at least 7 cents) and they (Nite and co) would cover as soon as possible. I believe they have already covered, and I believe that during Steve Sulja's pump job during August that 100 million of 362 million insiders shares were dumped (leaving 262 million and effective control within management) to create a larger float for their partner Wessel to buy. Are you going to make a partner who steers large contracts your way pay 50 cents a share, or will you let them buy relatively cheap. F/S will be released when the auditor is in a position to sign off and wessal is done buying. As far as the audit delays are concerned, I believe they were using a local auditor and just recently wanted an internationally recognized auditor, who has to rely and perhaps re-verify things the previous auditor did, and this may take more time especially when filing with the SEC. I also think Sulja has very little internal controls on processes generating financial information and this also takes more time to verify information. Buy only on fundamentals, the short position would be gravy, but I am not counting on it.
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