With a Grant Thornton forensic auditor:
Q. What is the chance that NQ rigged the fraud investigation or fooled Deloitte?
A: No chance. Fraud is too easy to find in a company like NQ. Forensic auditors would need to be part of the scheme and likelihood of that is near zero.
With Kim Titus:
Q: Is the audit work ongoing?
Q: What about the expanded scope of audit work?
Q: Did Henry Linn say the 20f would be filed in November?
A: No. That was a translation problem. Linn said the next review date is mid-November. NQ has till May to file the 20f, but we are doing it as fast as possible.
Q: But if the expanded scope of work hasn't started, it seems like earliest filing date for 20f would be September?
A: We have received no information or timetable.
Q: Is there any update on 20f?
Q: What happened with Altimeter?
A: They sold, according to the filing. No other information.
Q: Is there any current reason to expect a financial restatement?
Ok shorts and other screwball posters--go ahead and attack. My answer will be same as always: this is what was said, it's not earth shaking, and there ain't no more.
Why didn't you ask him Q: "Is this a lie like the one you told me on may 15th that the audit results were 'days away' or is this the truth?" AND Q:"Why would I believe you if you've already lied to me before?" What are his answers to those 2?
this is a perfect example of sourmylk's determination to be right regardless of the facts. Technically, he is correct: NQ did not hire D&T directly. Too bad that doesn't matter one bit, and it certainly does not mean they neither investigated nor performed a forensic audit. They were hired by the lead investigating firm to do precisely these things, which for some reason sourmylk seems to believe he is entitled to ignore completely, just like his BFF applehole.
But playing ostrich doesn't deny the FACTS: the attorneys retained an international accounting firm to perform the accounting analysis in the fraud investigation, rather than doing it themselves. Can you imagine the shrill shortie shrieking if Shearman had NOT engaged a major accounting firm to assess the financial issues? Seems NQ is damned if they do, damned if they don't: hire D&T, sourmylk screams "whitewash"; don't hire anyone, and just imagine.
So let this be a perfect example of the extent to which little sourmylk, the World Champion Stock Picker Who Is Never Wrong, and who continues to deny that he has ANY position in NQ, will twist, manipulate, and outright ignore FACTS to support his Messiah Block. Thanks, sourmylk, for exposing yourself so clearly.
mveed as Max said give It a rest, your hyperbole is getting tiresome.... check back on Labor Day and see if your thesis is correct. In the meantime why waste your time posting so often. I'll be on the beach in Nantucket not worrying about whether this bottoms at 3 or wherever because the long term prospects are fine. Enjoy your summer rather than blasting out blogs.... go find a beach somewhere.
MILKY...give it a rest pal. You've been DEAD WRONG ON THE DT FORENSIC INVESTIGATION in every single one of your posts. Repeating something hundreds of times only makes it valid in the mind of the author. As biotech said per Grant Thornton (now one of the remaining MAJOR AUDIT FIRMS), there is NO WAY that DT would be cajoled or bamboozled...ZERO, NADA, ZIP...NOT A CHANCE IN HELL!!! Why would they risk the existence of the firm over a relatively small piece of work? ANSWER...THEY WOULDN'T EVER !!!