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I agree with the post stating today's news release can be respected. Fortunately, they got it out before the open. It had some meat to it as well - I would call a confirmation of a $99 million value in assets a step in the right direction. Regarding the allegations, at least the company was honest and upfront with everyone. Again, as part of the past audits and especially this deal, you are required to look into the integrity of management. Trust me, no way GIFS was going to Fool Bdo or any other major accounting firm on this one. Honesty, thought it hurts, is normally the best policy. When you are honest, you can be wrong but live with some self respect. Much easier than going through life living a lie that isn't true. Now with that in mind, I guess we will see what happens to the stock price. Obviously, without the allegations it would have been a good day. WE shall see. |
