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akron2

02/27/05 7:53 PM

#1017 RE: navydude4 #1016

I do not believe the 10K delay has a thing to do with the Rao Case. Many companies have law suits in progress and complete their Audited Financials and submit timely 10K's as well as Quarterly Reorts to the SEC. It is basic Fiduciary Responsibility of a CEO and CFO. Other wise the company is opaque and the shareholders are potentially at the mercy of bogus PR's, Paid Shills on Message Boards posting hype, massive stock dilution (muzzeling the TA is a BIG RED FLAG), and outright fraud! IMO of course, but look at MLON and USXP!! (Hopefully Indictments for USXP this week, and MLON under Formal SEC investigation, although the shills think it is a sting operation by MLON and the SEC. Is that a hoot or what??)

Stewart & Shaw has IN NO WAY been prove. Third hand is akin to rumor. And no transperacy or facts like an 8K?? Hmmmmm! What percentage is owned? Who gets what revenues? Who gets what expenses? Who are other owners? Why is the location a secret? What are sales? What are details?? Hmmmm again!

Hey wazzup with no office staff? What if that Fortune 500 Companie has a software proble that is a show stopper?? Who ya gonna call? Don't say Ghost Busters...

starthewonderpup

02/27/05 8:42 PM

#1021 RE: navydude4 #1016

Held itself together, navy? It has failed to file, been sent to the pinks, is under SEC investigation, and Jack Anderson has revealed the CEO to be an untrusty liar. It could also have its registration revoked at the whim of the SEC.

Plus it lost the OHA suit, it will almost certainly lose the appeal, and just lost the RAO suit.

The price and volume have collapsed, and there is strong indication that the CEO lied in multiple prior SEC filings.

No evidence exists of a single real customer.

Other than that, it's in great shape.