Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : SABRATEK CORP (SBTK) -- Ignore unavailable to you. Want to Upgrade?

To: mod who wrote (150)	6/16/1999 10:13:00 AM
From: LTK007	Respond to of 487

well you have backed your words-O.K. Now can you tell where they really get their revenues--as I statated home health care hi-tech set ups are extremely expensive and Medicare coverage is extremely limited,so where is market---in pumped up sales I dare say.Max90

To: mod who wrote (150)	6/16/1999 10:24:00 AM
From: Pluvia	Respond to of 487

STEP 2 SBTK AUDITOR RESIGNATION/RESTATEMENT OF FINANCIALS SBTK's auditor will face a choice today. They have been informed of these allegations of fraud during the '98 period for which they expressed their accounting opinion. Thus, they MUST investigate the matter or face liability for failing to do so, as investors rely on their Audit Opinion to make investment decisions. So, does KPMG stand by SBTK and their apparent "manufactured accounting", in which case they become liable, or do they dump SBTK as a client and pull their opinion on the '98K - in which case it is likely SBTK stock gets halted for 4-6 months? In the real scheme of things SBTK is nothing but a rinky dink account for them with a history of failing to play by the rules. How tough do you think that decision will be? All comments are the express opinion of the author. Cheers $teve