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nerd86

01/30/08 11:48 AM

#98542 RE: Jetmek_03052 #98525

Jetmek try this on. The SEC made that gratuitous statement about the errors in financial reporting not being the fault of the company. Obviously they did not have to make that statement, so thier message is that the amended 10Ks are accepted. Now that that's true, GlobeTel can go on and file the remaining financials without fear of reprisal from the SEC for past sins. It would seem that the executives would still be in trouble with SOX, but that wouldn't stop the contiued filing that would have to be signed by new executives.