Replies to post #35167 on Ideal Financial Solutions, Inc.(fka IFSL)

[sandmansleepers]

Ash -

IFSL put themselves in this situation. Don't play the game of blaming the accountant firm. IFSL blew this. Sorry - I'm long and want the best for this company. But don't expect me to sit here and be happy with sorry news like this. This is crazy.

Just hoping the numbers (if good and believe they will be) will save the day. Right now - who knows?

[rjp]

They said they can't rely on representations of management and we should not rely on q1, 2 and 3 figures.
I can't feel comfortable relying on anything management say after that.
Accountants dont act out of spite and is really stretching credibility to believe so.
This investment is now a binary outcome as to who can be trusted, so is way too risky for me because the chances of management having been deceptive or incompetent or whatever far outweigh the chances of the accountants acting out of emotion.
Have sold my position at 26c, good luck to all