Replies to post #1029 on SGOCO Group, Ltd. (SGOC)

[FORTISGR]

1. By end of this month = new auditor
2. mid- june to end of june = results out
3. July = Q1 2012

or maybe 2 and 3 = same time


in between- Nasdaq will resume trading

normally IF GT sends a letter to Nasdaq stating that they QUIT only because they could not satisfying the client in matter of time and quality work------ this will RE OPEN GREENNNNNNNNNNNNNNNNN

GT started working for SGOCO in July- It looks like they were not ready or very familiar with the company- i think here was a problem of time!!! GT delayed to accomplish the audit et they QUIT - and that is fair!!!!!!!

the contrary is: IF GT states some suspicious accountants practicies into SGOCO- this thing is BURNED!!!!!!!!!!!!!!!!!!! i do not think is that cause before GT- they had an other auditor from California did the work properly!!!!!

[Reters]

fortis,
i was promoting the same DD angle you bought on, the sale of $77mill asset to hit books on 2012 Q1. The support was at $2.85 while it traded $3+. When the earnings were delayed I had a bad chinese feeling so I sold to at support knowing it would break down on fears and it did. With every stock i am quick to buy iam quick to sell. I locked in my profits and thought I would buy back in lower a few days later. NO NEWS CAME, auditor resigned and the rest is history imo.
I KNEW NOTHING BUT HISTORY OF CHINESE FIRMS, BAD ACCOUNTING, LIES AND HYPE. THIS one unfortunately had all of the above.
Auditors are not alergic to $ they dont resign unless they are not willing to sign off on the earnings and numbers. The chinese may lie but the auditors wont, thats why they exsist.
PLAIN AND SIMPLE.
I feel for your loses as I have been there before. I've since made up on those loses and look forward to a brighter tomorrow.
I hope they sign on with a reputible auditor who will sign off on their numbers and SGOC goes to $5+. But if history is any indicator Iam not sure that will happen.

[chenlu]

well i admit Reters is smart if we see from this situation,but just in this depressing time....
and i believe LogicalGains is not away,he just want to focus on other things, and give sgoco time,that's all...and i think he is more calm when facing problems....

you have your own profits,don't envy others ....

[sheir]

but you still have opportunity to make big money.stock market always has miracles.maybe when SGOC's financial report is released, it turns out to be awesome.then the stock price will go up rapidly and money will continue to come in your pocket.at that time,you will become the big winner.