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gershfinance

08/13/07 12:47 PM

#8038 RE: tonyvanw #8034

I'm pretty sure you are correct. Accountants' opinions are issued only with audits, which for most companies would occur annually. The next opportunity for an opinion would normally be with the 12/31/07 numbers, and that report doesn't need to be filed until the the 10-K is due at end of March. So, Tony, the company would not need to demonstrate having a year's worth of cash until the Feb-March 2008 timeframe.