GREY:BIXZF - Post by User
Comment by
DrAuditon Mar 12, 2012 4:42pm
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Post# 19659198
RE: RE: RE: RE: Update from CS
RE: RE: RE: RE: Update from CS Nope.
1. Schnarr does not elect to hire auditors - he is required. By Law. And what he thinks and what they say are independent. They are MY auditors and YOURS - not his book keepers.
2. What they sign off on has to be consistent with GAAP. No ifs ands or buts. Historic cost on 1800 valves made in Korea and subject to write off ? Replacement cost ? Believe me - I would love to see a clean opinion - but how anyone can value this company is not clear. So I am waiting to see which engagement partner is involved.
Typically auditors try and wiggle off the hook with some happy-a$$ed verbiage in a note - see last year. Do you think the previous company knew what was going on - re-read the note. They knew d*mn well back then.
Let's see when they finally report - Perhaps they can do Q1 as well,....
Deep -pockets - always a treat to hear,...