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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)

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To: Jon Tara who wrote (4728)3/25/1998 11:13:00 AM
From: Robert J. DeLambo  Read Replies (1) of 18444
 
Jon,

I do not understand the import of your remark that netz is under no obligation to use a "big six (or five)" accounting firm to perform its audit. Surely given the monumental judgments and settlements against the major accounting firms arising out of the S&L fiasco, one cannot feel any safer having, say, E&Y doing the audit as compared to "Joe's Accounting". If memory serves me, I believe E&Y settled claims brought against it by the Resolution Trust Corp for a figure in the neighborhood of a mere $800,000,000.00. I suspect "joe" would have done a better job.
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