SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gidget who wrote ()12/9/1997 11:06:00 AM
From: Ferick   of 2595
 
My interpretation of C. Riley's statement is that his reference was to anyone making inflated statements of quantitative accountings knowing they are inaccurate and with intent to deceive constitues an act of fraud. This is a true statement. C. Riley then stated that if Araldica (or anyone else, for that matter) used those knowingly inaccurate numbers, they would also be guilty of fraud. Another true statement.
Nowhere in this statement is an accusation against Araldica. There is, however, intimation or innuendo. The form of communication is used all the time in business and politics. It might also be noted that only between politicians is there room for accusitory attack without legal repercussion; libel and slander laws don't apply.

<<Such inflated statements without basis in fact are nothing short of
fraud. And if Araldica uses these inflated book values in their
accounting, they will be guilty of fraud too!>>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News