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L & L Energy, Inc. Message Board

  • makemy2005 makemy2005 Mar 19, 2014 9:10 AM Flag

    MORE MADANIELS SHORT "SCARE TACTICS"

    "Not going well, which is why you recently saw the SEC fire a shot across the bow of the Chinese when they "threatened to cause the revocation of the Chinese auditors to audit "American companies" which would lead to the delisting of every American company with Chinese audited assets"........

    Here is a beautiful example of a Silver Tongued Basher trying to scare investors and cloud their emotions with doubt and fear induced by tricky, fraudulent embellishment. Here he switches out "Chinese companies with "American companies" and also at the bottom. If written correctly and accurately it would have read...."Not going well, which is why you recently saw the SEC fire a shot across the bow of the Chinese when they threatened to cause the revocation of the Chinese auditors to audit "Chinese companies" which would lead to the delisting of every Chinese company with Chinese audited assets trading on the US exchanges.

    These are companies that use Chinese Auditing firms to file Yearly ER's, not American companies like LLEN that is using an arm of EY that is based overseas and is ONLY doing a Forensic Audit on specific points. EY is not doing a Total Audit and their reports and findings have not been made for filing purposes nor has EY signed off on any ER's. LLEN's Quarterly filings are in fact UNAUDITED. READ IT. LLEN's Yearly AUDITED REPORTS are done by an AMERICAN FIRM.

    KABANI & COMPANY, INC.

    CERTIFIED PUBLIC ACCOUNTANTS

    Los Angeles, California

    July 29, 2013

    Don't let madaniels or anyone else scare you into thinking that LLEN is in any danger of being DELISTED due to ties to the current entanglement between the SEC and the Chinese Big Four. Any danger we were in by using EY, one of the registered Chinese Big Four firms was if in fact they were banned prior to the completion of the Forensic Audit.The 6 mos. deadline for resolution has not passed nor has an appeal by the firms been made

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    • You dummy...There are no American run or operated Auditors left in China. They only carry the name like a franchise.

      So any ruling from US regulators denying certification of the Chinese/us audit companies will automatically cause the delisting of every company that needs their Chinese assets audited.

      The reason is that the exchange regulations require in absolute terms that in order to be listed, a company, any company requiring a audit, must be done by a certified auditor.

      Quote..."Don't let madaniels or anyone else scare you into thinking that LLEN is in any danger of being DELISTED due to ties to the current entanglement between the SEC and the Chinese Big Four. Any danger we were in by using EY, one of the registered Chinese Big Four firms was if in fact they were banned prior to the completion of the Forensic Audit.The 6 mos. deadline for resolution has not passed nor has an appeal by the firms been made "

      I never made the comment you refer to. I was speaking or writing at the time about the current auditing mess regarding ALL listed companies with Chinese assets that must be audited.

      This has absolutely no relationship to a forensic investigation which is not a audit per say And it has nothing to do with the present and is more about the longer term as the only thing that has happened is a warning to 4 of the many auditors.

      Also, LLEN's auditor is not currently on that list and is Kabani .Unfortinately this issue has been smoldering for years and may last at least 2-3 more...what will happen eventually is that desire for companies with Chinese assets may fade ahead of any further actions if this is not resolved.

    • mitchpit11@gmail.com mitchpit11 Mar 19, 2014 9:18 AM Flag

      Thank you Make.

      madaniels57 is a Jon Carnes wannabe.

      Sentiment: Strong Buy

 
LLEN
0.1215+0.0005(+0.41%)Aug 20 3:53 PMEDT

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