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Non-Tech : Versatech (VITC)

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To: Robert F. Newton who wrote (222)11/21/1997 5:04:00 PM
From: Sid Turtlman  Read Replies (1) of 435
 
Bob: Here is my note to Patrick on the Stock Swap thread about DHMG's laughable announcement today:

Patrick: I am as unimpressed as one can possibly be about that announcement. A proven liar
is saying that he has hired someone to certify that he is telling the truth. Yeh, and Marv
Albert has a note from his dentist saying that he promises not to bite.

DHMG first two 10-Q's this year were completely phony. You could argue that that is not
the fault of the auditor, because 10-Qs are unaudited. But the exact same flaw shows up on
the supposedly audited 10-K - wildly overstated cash flow, because of an intentional
arithmetic mistake. I say that either the auditor is incompetent, or crooked, or this "mistake"
wouldn't have happened. I see virtually no chance that the NASD will care what this so
called auditor says.

All this is, is desperate end-game behavior; it won't work.
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