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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna
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To: Joseph B. Schmidt who wrote (15643)12/20/2011 2:27:20 PM
From: PaperProphetRead Replies (1) of 53574
 
Re:<"No one knows how many JB may have interviewed before someone finally accepted the job offer.">

CFO's aren't exactly difficult to hire. The only question is how long it will be before Mr. Ingham figures out what is going on and resigns.

It may be at least a little while...from Mr. Bordynuik's history, it looks like he's alright with running a virtual company so Mr.Ingham might not even end up living anywhere near Niagara Falls. I'm guessing he will be sent the numbers and will compile the 10-K remotely.

If Mr. Bordynuik localizes his scam to the secret catalyst and avoids impacting the SEC filings, he probably can go for a while longer. If the past three years have taught us anything, it's that investors are comfortable with delays and will wait for as long as it takes. If Mr. Bordynuik branches out too far into accounting fraud to supplement his story, the SEC might take the wind out of his sails.
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