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Biotech / Medical : Biotechnology Value Fund, L.P. -- Ignore unavailable to you. Want to Upgrade?

To: mopgcw who wrote (4595)2/24/2006 1:38:23 PM
From: keokalani'nuiRespond to of 4974
 
I really don't know what I'm talking about. The last financial statement audit I was even partly responsible for occurred in 1980. Then we were only worried about the tax accrual and the inflation-adjusted accounting footnote. Internal controls were management's problem and all we had to do was tell them they could be better.



To: mopgcw who wrote (4595)2/24/2006 3:34:55 PM
From: BiomavenRespond to of 4974
 
it really is a nightmare

Agreed. Everyone involved in the process is paranoid, probably justifiably so.

Peter



To: mopgcw who wrote (4595)2/24/2006 6:20:26 PM
From: Biotech JimRead Replies (1) | Respond to of 4974
 
I fully agree with you George. In my experience it is a big issue, and it is a drain on resources and paperwork. the smaller companies cannot easily afford the resource drain. IMO, the pendulum has swung too far towards caution but it will take a long time before it swings back even part way.

BJ


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