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Microcap & Penny Stocks : DCI Telecommunications - DCTC Today

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To: Grantcw who wrote (16089)	5/4/1999 9:35:00 PM
From: Colin Cody	Read Replies (1) of 19331

Grant, Can we sue? Yep. Happens a lot when company's are given a clean audit opinion, are forced to restate earnings, and then go bankrupt. I don't know how much we can get now just for this restatement, but maybe it's worth a try? Just don't sue our beloved DCTC! The "deep pockets" here is the insurance carrier for the CPA firm's professional liability policy. The CPA is the expert. The CPA firm is (I presume) a member of the AICPA SEC Practice Section. The CPA firm issued THEIR clean opinion. WE'ALL relied on that clean opinion. As far as I am concerned the CPAs did a great job UNTIL PROVEN OTHERWISE. But IF the SEC succeeds in showing that our CPAs clean bill of health was not so clean after all, THEN that's a whole different story. Colin

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