The stock is done ...the are cooked...just like they like to cook the books. It took us two seconds to figure out that the "Auditor" was in fact not licensed to audit public companies at all. A public company audit must be carried out by a PCAOB (Public Company Accounting Oversight Board) registered auditor. Otherwise, it's not a legitimate audit, period end statement.
The so called "auditor" is actually a sole-practitioner (a la Madoff) CPA/Cook (we are not making this stuff up Imbimbo has a degree from the Culinary Institute of America) named Anthony W. Imbimbo. Imbimbo is clearly not qualified to audit a public company of with a market valuation of this size and is one of the many reasons we believe the financials cannot and should not be relied upon.
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