bob - you are real master baiter.
No one is saying any fraud was committed.
HITT is claiming that LFT is not paying for the local editions for a year after they are billed. The local
editions are not exactly complete, but the billing and revenue is taken anyway immediately as if they were.
This is not fraud since they are open about it, however, it will be real tough to find an auditor firm to go along with
aspect because it is clearly not "GAAP-proof," if you know what I mean. It's real fishy if you ask me. Auditors, unlike lawyer slime, do not readily accept clients with HITT's reputation, since it may scare off their existing customer base.
If their results can never be signed off by an auditor firm, then they'll never get listed on NASDAQ and maintain their
BB status --which is junk stock land, as you clearly understand.
Anything goes with the BB-OTC, and usually does.
And Mr. Sims: also, please stop re-posting over and over again, the garbage HITT PRs . This is waste of bandwidth. |
