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sunspotter

06/29/11 3:39 AM

#98002 RE: skunksyard #97999

"were the ones out in March audited?"

In spite of many protestations to the contrary from many LLEG cognoscenti, the "financial statements" issued by LLEG in March were not only unaudited, they were also internally inconsistent and therefore wrong.

Indeed they were incredibly amateurish as accounts.

I still have vivid recollections of just how loud - and wrong - were the calls of those who insisted the LLEG statements were audited, and that this meant LLEG was to be uplisted to the OTC market imminently.

This confusion was allowed to persist partly because LLEG, entirely characteristically, refused to clarify that in fact they were unaudited. LLEG and Mr. B seemed very happy for the ambiguity to persist, and indeed for false statements to be propagated.


Together with all the hoopla from Mr. Bartoszek, tweeting that the accounts were coming on a Friday before the markets closed, allowing for a weekend's hype and ratcheting up of folk's expectations (aided and abetted by the usual suspects), followed by the release of the "statements" themselves and more tweets from Mr. B, this may be yet another reason that SEC decided to take the very grave step of suspending LLEG stock.