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Pastimes : The Big Tex House of Coin

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To: BigTex who wrote (9285)1/4/2000 10:45:00 AM
From: ajs  Read Replies (1) of 19297
 
BigTex, What's your take on this news?

Forensic Audit Ordered for New Cinema Partners

NEWPORT BEACH, Calif., Jan. 4 /PRNewswire/ -- The volatility of the share price of New Cinema Partners (OTC Bulletin
Board: NCPP - news) was such that an investment group headed by Frank Guido of Toronto, Canada has had management step aside pending a forensic audit as to the paid and fully assessed status of shares in float.

Mr. Guido will act as interim president and, accordingly, has arranged bridge financing to enable the company to retain legal and accounting professionals.

Similarly, the professionals, in addition to the forensic audit, will attempt to preserve assets and realistically confront the viability of the on-going business.

Predicated on the outcome of these reviews, Mr. Guido will seek appropriate remedies consistent with the findings.

SOURCE: New Cinema Partners

More Quotes and News:
New Cinema Partners Inc (OTC BB:NCPP.OB - news)
Related News Categories: entertainment

This is my take:

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