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shinkdew

03/29/07 8:34 AM

#69469 RE: followinsnsr #69452

They are still going to need somebody to audit the 10K regardless of if the SEC does it for them. I guess it's safe to say we will not be seeing any financial statements for while.

My guess is they asked GTEM for a retainer and GTEM could not pay it, so they decided not to take GTEM on as a client.

tradeforyourlife

03/29/07 8:36 AM

#69471 RE: followinsnsr #69452

>>Globetel saved money not paying them and can just leave the job to the SEC, they will do the audit for free.

LOL. That's the best spin i've heard yet.

All companies should just save money and let the SEC do the accounting for them!