Hey, Rick, I did some digging into why the PLNI audit has taken so long. I think the fact that multiple auditors have been involved should be a clue (read: red flag). I've got some good leads on what they might have been uncomfortable signing off on and, well, let's just say it brings up more red flags. Serious red flags.
I'm not at all saying PLNI won't somehow get an audit submitted to the SEC, but I am saying I'd be plenty surprised if they disclosed the red flags I've allegedly found. Because if they did, well, that would be a smoking gun to some not so good things. Actually, some really bad things. But, of course, it may well turn out that I've been badly misinformed. Personally, I don't think so, but, don't worry, I'm not about to leave anyone hanging.
Summary: lots of smoke; fire likely, but just began looking
So, once again, to be continued...
- Jeff |
