FBCE Message Board - Msg: 14217092

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Microcap & Penny Stocks : FBCE

FBCE 0.0001000

0.0%

Mar 7 3:00 PM EST

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To: lofalutin who wrote (275)	8/15/2000 1:37:39 PM
From: opalapril	of 365

I do not know or care whether the CFO's departure had anything to do with the earnings restatement, although it seems to me unlikely that a CFO who otherwise had performed well would be pushed out over this one comparatively lesser matter. In any event, at least three things mitigate against the financial restatement having any appreciable effect on the company's overall health or prospects. First, it does not affect past operating results, which remain very positive. Second, the effect on the balance sheet seems minor at the most. (Note that the impact on the six-month report summary is even smaller) Third, FBCE used the occasion to reaffirm its previous guidance about future operating results and profitability in FY 2011. In short, FBCE remains on track. One other thought: Could it be the error was caught by the company's outside advisors in connection with a pre-NASDAQ listing review?

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