Avalon Group, Inc. Message Board

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Technology Stocks : Avalon Group, Inc.

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To: Madeleine Harrison who wrote (154)	1/22/1998 11:43:00 AM
From: OFW	of 1530

Madly stated that Bernard told her "their accountant was in contact with an accounting firm well-known in the midwest and that firm was doing due diligence on Avalon prior to taking them on for the audit work". To me this is a most encouraging sign that the company wants to be open and honest with their shareholders. If all accounting firms were so good as to investigate their customers before taking them on, there would be alot more "honest" financial statements out there. I've been involved with a company recently in which we have to question every single financial transaction. If accounting firms had really been interested in the honesty of the company rather than in only making their accounting fees --- shareholders would be far better off! Good work Madly, Bernard and everyone else. I may like not like the spread right now, but I continue to be long on Avalon. Offie

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