quote:Originally posted by Wallace#1: L: "Wallace, I am sure as a talented accountant that you notice that it is headed "Draft" copy. It's only the numbers that were available from limited documentation left over from Desormeau."
W: Get real legal! That was the General Ledger, not some scribbled note from your pal, Glenn.
PS: For those of you who do not know, the General Ledger is where everything is supposed to be recorded as to CMKX's daily activities showing a cumulative and running balance of each account. It is from the General Ledger that the Balance Sheet, the Income Statement, the Source and Use of Funds Statement (aka Statement of Cash Flow) and other documents required to be filed with the SEC originate.
Wallace, I am wasting a lot of time trying to keep you straight. But what are friends for?
So let me make it simple. If you will click the link below and look at the heading it says General Ledger, but right above it, stamped very big and bold, it says "DRAFT"
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So what if it says "DRAFT". Do you suppose that means it is all a lie or incorrect everywhere? Do you suppose the same is true of Frizzy's "Draft" letter where he questioned a number of things about CMKX, UC and Stoecklein?
Sure, legal, sure. Keep deluding yourself in la la land!
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Originally posted by Ric: Soaps have nothing on this stock, lol
Posted by: Investorman In reply to: janice shell who wrote msg# 179031 Date:7/29/2005 2:07:57 PM Post #of 179053
Stocklein says that the auditor couldn't know about anything illegal because CMKX didn't give him anything to audit. LOL - You can't know a crime has been committed because I didn't give you any evidence. This is good!
As CMKM's independent accountant you were required to have “procedures designed to provide reasonable assurance of detecting illegal acts that would have a direct and material effect on the determination of financial statement amounts.” 1 It is unclear what procedures you could have possibly designed to provide reasonable assurance of detecting illegal acts when in your own letter you made references to; CMKM books and records being unauditable because they are incomplete, the banking records [are] inadequate for obtaining competent evidential matter, and you were unable to quantify the amounts involved because you had not been provided sufficient information to do so.
How are you doing, my friend? Don't see enough of you here.
Just love CMKX, UC et al, huh? What a comedy! And tragedy too.
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Doin fine Wallace, yourself?
Hey, this U/C character is really a piece of work.. Haven't kept up with the scoundrel that much of late, but nothing changes, he is still a Jackazz to the 5 power!
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quote:I'm called Little Buttercup — dear Little Buttercup, Though I could never tell why, But still I'm called Buttercup — poor little Buttercup, Sweet Little Buttercup I!
Found it on Google. I knew I wasn't dreaming it!
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yo what are you, on X or something upside? Any way the snake does not need to be PUT BACK in formation, i've never left. I just want some info. Friz is right in what he is doing and has done, if he dropped the inspection of the bookst then there must be a reason. I think they should inspect the basher books instead, i am sure they will be directed here for further info on them. It seems that allstocks has become what raging rhoids use to be. As for the rest of you; you are all a bunch of little buttercups......For ever thinking i had any BASH in me except to Bash the Bashtards i mean bashers. I dont bash where i am going to get money very soon. Dont worry when it moves i will still come here and rub it in all the time. COBRA
-------------------- I don't play well with others, and have a problem with authority. I love to see the big guy fall to the under-dog.
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quote:Originally posted by Wallace#1: " the banking records [are] inadequate for obtaining competent evidential matter,"
Even the above doesn't convince the faithful? Where did the $15 mil come from?
Wallace, what I have been saying. The records are incomplete and the bank statements can't fill all of the holes. But if the records are incomplete, that goes back to Desormeau, not Urban. If some of Desormeau's insider "friends" were guilty of toxic financing, it would make sense why the records disappeared.
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Some of the blame you are placing on DeSormeau might be warranted. However, it does not take a rocket scientist to keep track of bank records and UC is certainly someone who would at least keep track of the money....if anything.
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Yet blaming DeSormeau doesn't explain the 15 million, new home, hummer, gambling, and many other personal exploits of UC. Geeze this isn't rocket science. It is there staring you in the face.
-------------------- Invest with your brain not with your heart.
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Pick your crook. They're all the same. This was a pink sheet scam that got carried away. There's hundreds of them out there, the only difference is that this one was making money for a whole bunch of people and none of them wanted to see it shut down. Now we're seeing the damage control.
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