InvestorsHub Logo
Followers 2092
Posts 128319
Boards Moderated 0
Alias Born 04/13/2006

Re: None

Tuesday, 10/24/2006 6:02:12 PM

Tuesday, October 24, 2006 6:02:12 PM

Post# of 311052
GREAT POST about AFS by 4Justice...

Last weekend... and the part about weeks or months... well that has already been going on ;) ... and AFs are VERY close...

"Hi folks, just reviewing some of the postings and would like to share some of my thoughts about the AF issue:

First, it’s my humble opinion that NO ONE ON THIS BOARD HAS ANY INSIDER INFORMATION, NO ONE.

Secondly, I’ve dealt with Government and Private Audits for the past 14 years, and I have never, ever, received an audit or legal release for those audits on time; NOT ONCE. Based on my experience, the AFs will be released and filed ONLY after Petar and Sulja Bros. have FULL confidence that their behinds are covered. Then and only then will the AFs be filed with the SEC. Because of the Sarbanes-Oxley Act of 2002 – (see link for your own edification) -
http://www.sec.gov/divisions/corpfin/faqs/soxact2002.htm

Petar and Sulja Bros. are going to obtain all of the legal and financial guidance they can afford; and the time it takes to provide such guidance is more than a few days. It may be weeks or months. So, no matter how agitated you may be, and no matter how many “good faith” promises have been made by Petar regarding the publication of the AFs, the fact is much of this process is beyond Petar’s control. Remember, it’s his butt on the line, not yours.

If you want an indication of the consequences he faces, take a look at today’s news regarding the 24-year conviction of a former Enron Executive: (http://www.nytimes.com/aponline/business/AP-Enron-Skilling.html?ex=1177214400&en=d7dc1fb11319075....

Under these new government restrictions and requirements, everyone, including GOD (LOL!), is going to review those audited financial documents BEFORE Petar signs his name to them and files them with the SEC.

So, my humble advise is this: if you can’t handle the stress of this process, sell your shares; the PPS is very high right now, take your profits and call it a victory. If you can handle the stress, buy more if you believe this is just the beginning of a solid run; and if you just don’t know…hold what you have and reevaluate your position during the next few weeks.

But for your own sake and Petar’s, please give the issue a rest. Until you have EVIDENCE that you have been intentionally lied to and defrauded (intentional malfeasance), it’s all speculation, conjecture, and WAGS. If you feel that you have been defrauded, then you’re free to pursue any and all legal remedies available to you under the laws of Canada and the United States.

I don't know how much longer this process will take. I still assume the AFs will be filed/posted when the process is completed. Will the PPS suffer in the mean time? Probably. If I had more money, I'd buy more, but right now, I'm all out of powder.

So, that’s my two cents and it’s only one man’s opinion. I wish everyone luck, I’m all in, and I’m waiting patiently to see the next chapter unfold in this saga.

Good Night.
4Justice"
---------------------------------------------


You are solely responsible for your own investment or trading decisions, nobody else.