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TenKay

07/31/11 9:31 AM

#99791 RE: king oil #99789

There was demonstrated complicity and professional negligence. It was also a PR hellhole...clients dropped them left, right an center.

Audit firms give "opinions" not guarantees, warranties or otherwise.

It's a great racket IMO.
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Recovering Stock Junkie

07/31/11 9:38 AM

#99792 RE: king oil #99789

This Audit firm would never chance doing anything suspicious or not above board especially when they know the SEC will be looking at the financial results very closely. We are dealing with professionals. Laidlaw to them is just a little fish in a big sea and they will make sure that the numbers given to them are accurate and complete. The last thing Mike would want to do at this point is try to pull something fast over the eyes of the SEC. Afterall, lets not forget that he is the largest stockholder in the company and would have the most to loose. Besides there would be some real criminal charges if he tried to fool them. It just isn't going to happen. What we see, if we do, will be the correct numbers and you can take that to the bank.
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HLH

08/01/11 6:59 AM

#99800 RE: king oil #99789

Strong believe that lleg will emerge clean in the audit. Going to have answer soon by the company imo...