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To: PlayTheKing who wrote (12246)3/16/2003 1:54:45 AM
From: axial  Respond to of 14101
 
Hi PTK -

"Based on past behaviour exhibited by DMX, I believe that REK and co. genuinely did not know that their FS were not in accordance with GAAP. I also believe that Schwartz and co. were in the same boat."

Good. I can accept that, especially when it's seen through the lens of knowledge and experience. I'm not sure why, but the idea that the accounting was done unwittingly - that is, without intent - is useful, in getting a "sense" of the whole matter.

Thanks,

Jim