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deafcone

09/27/13 11:57 AM

#72674 RE: Howzitgoing #72671

ok. then the intro box needs to be updated. it still lists steinbeck as CFO

Captain and Diet

09/27/13 12:00 PM

#72675 RE: Howzitgoing #72671

Boy, I would hate to be an Auditor for this Company!

Cassandra

09/27/13 12:58 PM

#72687 RE: Howzitgoing #72671

Ed Steinback is not a CPA, not licensed and not an "auditor." He has a proprietary credential called an Accredited Business Accountant (ABA) issued by a company called The Accreditation Council for Accountancy and Taxation (ACAT):
http://www.acatcredentials.org/ACATCredentials/AccreditedBusinessAccountantAdvisorABA

Only three states recognized the credential. In many states, non-CPAs are not allowed to call themselves accountants and in other states one can do so only with an accompanying disclaimer. In those states an ABA may use the term Accredited Business Advisor. He is certainly not qualified to audit financial statements of any company, much less a publicly-traded one. Falsely calling himself an "auditor" is evidence of his dishonesty.

Steinback also signed to certify the blatantly non GAAP-compliant VDSC financial statements for QE 6/30/13 as the CFO: http://www.otcmarkets.com/financialReportViewer?symbol=VDSC&id=106137

Lastly, I have reviewed financial statements he prepared and certified for MDGC and found signs of obvious fraud such as massively inflating assets that had previously been almost fully depreciated to far beyond even their original cost. Some of those assets, which were owned by the company before the reverse merger, four years ago, may not even exist any longer.

I believe him to be a facilitator of fraud. Ed Steinback's involvement with VDSC is the main reason I look a closer look here and did some due diligence on the company.

http://www.otcmarkets.com/research/service-provider/Steinback-&-Associates?id=3170&b=n&filterOn=5