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Posted On: 10/05/2017 12:41:51 PM
Post# of 96892
Re: mikemc1001 #83851
If this year's financials are audited, it is the CPA's that are calling the tune.
They would have to have sections about all the stuff they know that isn't yet done...
Like the FL lawsuit and BK
Like the 21 mill surrounded by the 500 mill
The other factor is that this is probably the sh*t or get off the pot moment of this entire transaction.
If I were the CPA about to issue the companies first ever audited books...my only option if the company told me to issue would scream BK and would effectively be barred from saying anything about the way out...because that is how CPA firms get sued out of existence.
As of today there are NO CPA FIRMS with their prior tit in a wringer and no prior history of issuing cautionary audit results that would be willing to find a reason to issue a report. As of today they fear no lawsuit.
What would your CPA firm do; today?
If I were the company and did not want all that negativity...I would drag my feet also, and would also be unable to issue any statement that made things sound OK.
What would you as the CEO of NTEK do; today?
Damn this is pressurefull, but what am I going to do; today? Sell? What a f*cking laugh.
Paul
They would have to have sections about all the stuff they know that isn't yet done...
Like the FL lawsuit and BK
Like the 21 mill surrounded by the 500 mill
The other factor is that this is probably the sh*t or get off the pot moment of this entire transaction.
If I were the CPA about to issue the companies first ever audited books...my only option if the company told me to issue would scream BK and would effectively be barred from saying anything about the way out...because that is how CPA firms get sued out of existence.
As of today there are NO CPA FIRMS with their prior tit in a wringer and no prior history of issuing cautionary audit results that would be willing to find a reason to issue a report. As of today they fear no lawsuit.
What would your CPA firm do; today?
If I were the company and did not want all that negativity...I would drag my feet also, and would also be unable to issue any statement that made things sound OK.
What would you as the CEO of NTEK do; today?
Damn this is pressurefull, but what am I going to do; today? Sell? What a f*cking laugh.
Paul
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