I am long on Leah, I hope like heck that this all works out. I have a very considerable investment in the company. I have posted here several times stating my excitement for the future of LEAH. I invited several of my friends and family to invest their hard-earned money in LEAH. However, I most likely was very stupid to believe that I could turn a five or ten fold profit on this compny. I do DD, but not enough in this case. I have many concerns, and unfortunately, I am not as confident as many of you. I hope I am wrong and will eat a major footlong crow sandwich if I need to.
Over the last 2 days, I have gone back and read nearly every message on this and the RB board. This possible incident with D&T is not the first time LEAH has had trouble with doubt on who their auditors were. In the summer, it was posted several times that Price Waterhouse was the auditor. It was posted all throughout the early messages in the summer of '98 that they were just a few days from an AMEX listing and audited financials. Many of these posts were through Andrew from the company. It was posted that LEAH was buying back shares and that Morgan Stanley was handling the share repurchase. People have stated that the management always comes through with the goods. I did not feel that way after I read through the following posts (#426,445,456,470,491,496,500,539,582,599,628,650,688 real interesting!!!, 702,713 and so on..).
I want to be positive, take the blame for my own investing successes and failures, and hope to God that I am wrong and have to come back to the board begging for mercy. I did call and e-mail the company on Friday, and I have not yet heard back from them. It does not do us any good to swear, name call, threaten legal action or whine. We need to find out exactly what the company is, what they really own and just where they might be with in regards to a real financial statement. Hopefully announcements Monday will make me look foolish.
Baton |
