You're right, there is no debate, and really never has been. I simply can't find anything you have said that has been substantiated. How can one debate that?
What Dicon did pre-acquisition is on them. That is the way it works in business. My brother owns a business of comparable size to Dicon, in revenues, earnings, etc. and thankfully for him, his office manager takes care of all the books. There are not an avalanche of "debit and credit guys." It's not necessary.
R&H are auditing SpongeTech, not Dicon, although they will ensure they gather the best figures available from past Dicon records. Perhaps you can provide something showing the 70 hour work weeks...time sheets, billing statements, etc. because nothing is settled to the penny when acquiring a company.
A price is agreed upon, which consisted of $2M and take over debt, and that's that. Assets are valued, but has nothing to do with past records, unless available. Again, assets are sold at an agreed upon price. What is paid in excess of the value of the acquired assets goes on to the acquiring company's books as goodwill.
Did Dicon keep shoddy records? Possibly, although you offer up only your own opinion to date. But even if the records were less than stellar, that has nothing to do with SPNG pre-acquisition.
As far as environmental and safety laws, OSHA and the EPA will ensure SPNG follows all regulations going forward.
I am not of the opinion that you really have a business background, other than the shorting of stocks. I bring 25 years to the table.
To summarize, I once again agree with you that there is no debate, because I will never speak anything but facts, all verifiable. Even if opinions are emitted by you, debates still need facts to back then up, of which you have none, or have proven to be false. Therefore, a debate cannot exist.
I have seen nothing but your own opinions in any of your posts, things like the assurance that O/S would surely be near the 2.75 A/S, which has proven to be another misguided OPINION, given the fact that the A?S was recently reduced to 900M.
Once again, consider yourself schooled. Maybe you should try your dog-and-pony show with someone else.
BTW - How did that $1.3M short go for you today at .20? When one is drowning in quicksand, don't most eventually wave the white flag?
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