InvestorsHub Logo
icon url

VeryHolyGuy

12/03/12 8:12 PM

#6673 RE: loupai #6672

My understanding from Maurice Berkower's responded email is that if they were not engaged with BFAR they would care less to tell anyone who asked because of being unengaged with BFAR.

Now if they are engaged with BFAR as it's auditor, then because of SEC restrictions they cannot give an update to the public because that would in effect, cause a reaction in the stock price. Therefore this accounts the reason for them to stay quiet about what is going on with the audits including it's numbers since it hasn't been made public as of yet.

Only BFAR has the responsibility of disclosing inside information, such as the previous press release information. That in itself was a disclosure of inside information.

To sum it all up, it is my belief that Maurice Berkower IS auditing BFAR.