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To: A. Hayer who wrote (3775)12/6/1997 2:04:00 AM
From: Kashish King  Respond to of 9798
 
Why would these people want to read comments about SYCR unless they are interested in the FTC fraud investigation which is old news? Please save your paranoia and stick to COSFF. If you want to know about SYCR, ask the CFO of COSFF:


KPMG Washes Hands of SYCR

KPMG Peat Marwick's auditors' report on the consolidated financial statements of the Registrant and its subsidiaries as of June 30, 1997 and for each of the years in the two year period ended June 20, 1997 contained a separate paragraph stating that "the Company has suffered recurring losses from operations, generated negative cash flow and has a stockholders' deficiency which raise substantial doubt about its ability to continue as a going concern."

KPMG Peat Marwick had, in its letter to management on internal controls, identified as a material weakness, as determined under standards established by the American Institute of Certified Public Accountants, that the Registrant's information systems did not reliably and consistently provide sales and marketing data to the accounting department that is necessary in establishing appropriate accounting estimates.


Is this what you are defending? Get your facts straight.