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Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: akmike who wrote (2435)	7/14/2000 7:59:34 AM
From: Labrador	Read Replies (1) \| Respond to of 2702

If there's one thing that an auditor checks, it's cash. Confirmations are send to the banks, and to major customers who owe the company money. This is an elementary auditing test. What she is saying [I think] is that the company has been booking fictitious sales, and booking the receivable to "ship in place." Then they would net out the receivable against future sales. In other words, she is saying that they'd book sales in advance, and then net them against the net quarter's sales. A timing item, but a pyramid game, if it's true. But why would a "payroll clerk" have anything to do with booking sales figures? And what would a "payroll clerk" have to "sign" other than possibly a payroll report? This post just doesn't make sense to me as written. If she's going to "come out of the closet," she should make coherent statements.