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breezin_chs

11/29/09 4:43 PM

#7859 RE: DudeBug #7858

DudeBug, thanks for bringing us up to speed.

Looks like you've covered it all rather eloquently, so the only thing I can contribute is a quote, which I hope is true.

Americans like to make money; Canadians like to audit it. I know no other country where accountants have a higher social and moral status.
- Northrop Frye

weeblewobble09

11/29/09 7:12 PM

#7868 RE: DudeBug #7858

To be fair, accountants "sample" parts of the business. They don't come close to testing each entry, although if major issues arise they might be forced to.

- former accountant & auditor (briefly)

zinn21

11/30/09 9:00 AM

#7871 RE: DudeBug #7858

Your comments are reasonable. Again LDSR provided guidance on the audit. Nothing reported since to make anyone think differently.

So it should not be long to determine if we bought a gem of a company with huge growth prospects or a "Shell" for insiders to receive options and unload to the public at any price..