Itech Minerals Ltd V.ITM.H

RE: Reading for ITM groupies

[felix10]

Thanks logscale...those last 2 posts pretty much cover it. I guess the only question is how could itemus have been so incredibly blind and stupid? As your post says, "There are also significant differences in the independent audits released by Shooting Gallery to investors and the independent audits later performed at the behest of Itemus, and filed with the government. For instance, according to the 1999 Shooting Gallery audit by the Maryland firm Reznick, Fedder & Silverman, the company had a net loss of $2 million. The Itemus audit, by Deloitte & Touche, showed Shooting Gallery had a net loss of $23 million in 1999." SO, When did itemus decide to do that audit? AFTER they bought S.G.??? If they'd done it before, presumably the discrepancies would have set off alarm bells and caused them to back off. And if itemus waited until after they bought S.G. to do an audit, how stupid could they be? Hard to believe.