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Technology Stocks : Xybernaut's new-NO-Nonsense thread

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From: Dennis Roth	7/27/2005 1:51:16 PM
	of 49

Xybernaut Files Voluntary Petition Under Chapter 11 biz.yahoo.com Excerpt: Perry L. Nolen, President and Chief Executive Officer, stated: "As you are aware, for a large part of the year we have been under extremely difficult operating conditions following the removal of the previous CEO and President, the resignation of seven Board members, the ongoing SEC/DOJ investigation, the resignation of the company's outside auditors, the company's advice, based on a letter from the company's outside auditors, that investors and others should not rely upon certain of the company's historical financial statements or the related audit reports the company received from it's outside auditors, and the inability to raise operating capital.

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