Replies to post #3445 on Interups Inc (ITUP)

[snow]

Petrejus "Of course Laxmi knew, in November, in December, in January , in February and in March (how many months is that?) that ITUP will not file audited financials." I use the word lying in a more restricted sense than you do. I don't use the word about things that may or may not happen in the future. But I concede that he must have understood that it was very unlikely that filing audited numbers would be filed in the time frame suggested.

Since there is so little documented information available I don't pay much attention to what Chad Sykes stated. It should be regarded as a very high-risk speculation. I guess he would advise investors to stay away from such a speculation.

I am not convinced that the CEO is a crook. But I am fairly sure that he has a deficent understanding of international financial markets if he has been honest about the plans for the company he has outlined. I guess there will be some short of show-down during the next few months.

[RealDutch]

Q3 ends February 28. He implied they are working on that one as well. For some reason they want to file them all (simultaneously). Just saying, if they file, perhaps they will file them all and catch up so we won't lose any time, in the end.

And after they file, I want them to hire a different auditor. And do the things that are needed so that the 10-K will be filed on time. Take an example from GURE who was always late until the shareholders were so fed up that eventually the company changed somthing (what, I don't know) so now they are on time.

Chad Sykes had a look at it and said: "Stay away from this".

That doesn't mean much because the first time I had a look I also thought it was a scam.

This is a $5 billion company if they execute on all fronts. It is trading at $50M now or 1% of potential future value. Of course there is a reason why it's not a $5 billion company now. They have not executed :-).
So that remark is a bit silly, right.
Nevertheless, I enjoy calling the CEO a liar and a fraud. He has earned it.