Don't forget the convertible debentures make up about 85% of the registrants debt. Include the auditors reprimand by the PCAOB in Washington DC for not following auditing procedures on convertibles properly on client audits in 2011/2012.
Yikes!
Peter, the auditor also was reprimanded for failure to identify or properly report departures from GAAP.
Yikes!
This registrant is clearly a convertible debenture conversion scheme. With its colluded efforts to generate paid promotional mechanisms coinciding with convertible debentures, it is quite evident what the registrant is up to.
Scary!
Did this registrant invite everyone to a Halloween party?
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