The problem Barry Henthorn had before with another company is that he spent the money that was invested for that purpose on himself. You have had the chance to look at the old bank statements and how he conned investors before. So why tell us something you know gives the wrong impression of the truth.
When he was in charge of RLTR, he wouldn't pay the auditors and they wouldn't release the audit without a final payment. He told the board of the other company that he had paid, but he had siphoned the money. If he did that then, he would do it now.
But this time around he doesn't have the money, and you know it. Even if he meant to do it, he doesn't have the money. The unaudited financial released prove it--unless, of course, the unaudited financial releases are a lie.
The audit of BCCI would cost six figures. Thousands of transactions in the books would have to be backed out and re-entered. The "Legal/Compliance" accounting line has to be removed, and those amounts will have to be attributed to the actual quarter in which the expense took place. In case for investor that do not know it, this has to do with the non-payment of payroll for which the company was sued and lost in court.
All the expenses will have to be attributed to the right quarter and separated by location, and the cost of doing business will gone way up.
All of this simply won't happen. He is already under investigation. I cannot see the government agencies or the NASDAQ giving him a pass.
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