InvestorsHub Logo

LGL8054

09/13/07 9:19 AM

#8779 RE: marsnvest #8778

Joe buried this co. for years with notes and now it looks like Ellis learned well, I believe they want to establish this for the audit, they think if they can get it announce in the audit it becomes truth. and then if the audit said it true then they can strip millions out of your pocket again.

soso

09/13/07 9:40 AM

#8780 RE: marsnvest #8778

Marshvest, they published year end '06 numbers showing only 4.2-miilion is convertable debt. Then the publish mid-year '07 numbers showing an increase in year end '06 convertible notes of 6.8-million. As we all know these are unaudited numbers, but that don't mean you can just make it up! You have to certify that they are accurate, etc. Nobody just forgets millions of dollars in convertible notes.

This is outrageous. And the fact that it happened on Ellis watch tells us a lot about him. But why would Ellis get in bed with Lanza? There all just liars.