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Microcap & Penny Stocks : 1st Net Technologies ( FNTT ) -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (1796)	7/28/2000 9:09:34 AM
From: Q.	Read Replies (2) \| Respond to of 1827

After Corbin & Wertz had commenced their audit of our consolidated financial statements, they informed us that the audit would be more work than originally anticipated because of the state of our financial records and the need to expand audit scope to comply with Statement of Auditing Standards No. 82 relating to the state of our financial records and an enforcement investigation commenced by the Securities and Exchange Commission with respect to certain aspects of our business, and informed us that they would need to increase their fees accordingly. We could not come to an agreement with Corbin & Wertz with respect to the amount of the increase in fees, and a decision was mutually made to terminate the relationship. I think it is amazing that their financial records could be so messed up, because they only claim to have about $1 M in assets, aside from marketable securities that should be easily audited.