Replies to post #8610 on Ingen Technologies Inc (IGNT)

[stockmasterflash]

""We have amended this Form 10-Q to restate our financial statements. We were required to restate our audited financial statements for the fiscal years ended May 31, 2007 and 2008 which were filed with the second amendment to our Form 10-K for the fiscal year ended May 31, 2008. The effects of these restatements effected the financial statements included in this Form 10-Q""

http://www.sec.gov/Archives/edgar/data/861058/000101968710003498/ingen_10qa3-083108.htm


When you see the words "We were required to restate...", the first question that should pop into your head is WHO is requiring them to restate 3 year old financials and why???

Who has the POWER to REQUIRE them to do ANYTHING???