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amarkiii

06/19/08 4:58 PM

#18933 RE: cqrtdoc #18932

If you mean guilt by association with Bear Stearns, you mis-understood my post. I was simply pointing out that Bear Stearns, a previously mentioned ( via PR from NSOL/FFI ) source of funding or potential underwriter of bonds, was in the news.

I was not trying to imply that because several Bear Stearns executives were arrested for fraud, we should assume that NSOL/FFI is fruadulent.




ride2retirement

06/19/08 5:12 PM

#18935 RE: cqrtdoc #18932

I wouldn't put it past them to commit fraud especially when the company itself says:

"Our management, including our Principal Executive Officer and Principal Financial Officer, does not expect that our disclosure controls or internal controls over financial reporting will prevent all errors or all instances of fraud."

They say they DON'T EXPECT their internal controls to prevent fraud. "They," are 1 full time employee or 3 if you include Faith and Young. You mean to tell me that you can't be sure that your in-house controls can't keep 3 people from fraudulent activity?

Fraud or no fraud this company is sneaky and they do it deliberately. Me paraphrasing, "We received $200,000 from KFA. Oops, actually we were just being sneaky as a snake, what we meant to say is, We received a deposit for the $200,000 and the actual real money thing (the $200,000) was actually never received. Oh yea, the deposit might as well been a handshake since we will never actually tell you what it was."

MorningLightMountain

06/19/08 7:09 PM

#18941 RE: cqrtdoc #18932

you read way too much in my post, and are putting lots of words in my mouth....calm down....all I'm pointing out is that the SAME argument was made when Bear Stearns had a relationship with NSOL/FFI, and the supposed credibility that deal brought.....but it didn't pan out, and we didn't find out until the 2007 10K was filed.....scant on details, as it didn't say WHY the relationship was "terminated", and by which party....

that's ALL I'm saying here, Doc II, and it is FACT....now, **this** time it might be different, I don't know.....