Premier Health of America Inc T.PSN

RE:RE:The Real Plight for the Auditor"s Defense...

[Kherson]

Kherson wrote:

Kherson wrote: What folks seem to be missing concerning the legal mess that the Auditors are now in over PSN is that they are the same ones who audited the books for both the old and new Open Range companies. Therefore, the bogus financials for the tank rental business which we know as Poseidon Concepts, are also reflected in the old Open Range's Year End Financial Statements. What is also interesting and takes on a whole new level of importance since we now realize that the tank rental business was a scam and maybe even the front for a money laundering operation, is that the new Open Range with the oil and gas assets was spunout of the old Open Range, to try and protect them against any future litigation and the old Open Range then actually had it's name changed to Poseidon Concepts. Just by these facts alone, there is no question in my mind that Poseidon Concepts was set up purposely to fail...
Now the question begs to be asked, what benefit was to be had by going this route? Well look at all the insiders who benefitted from the run up of the share price of the old Open Range and the eventual spinout of the new Open Range. Most of the masterminds of this scam went with the spinout company, the new Open Range and soon after, unloaded their stock in the old Open Range, which was by then called, Poseidon Concepts...
Even though I have lost a lot of money by these crooks, I must admit that the initial plan was brilliant. The reason that the azz fell out of the scam was that too many folks knew the truth, hence the large short position on this stock, almost from day one. Therefore Poseidon Concepts had to inflate their financial numbers as large as they did to try to keep the shorters at bay.
I am expecting a few more lawsuits come November. As I have said many times, the crooks behind this scam had lots of willing volunteers to help out...
Kherson



 

Posted September 17, 2014.
Kherson