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Tower Group International, L.Ş. Message Board

  • dog01buck dog01buck Nov 13, 2013 9:42 PM Flag

    In addition, due to the discovery of certain inadvertent mistakes in the Company’s financial statements for certain other periods, the

    Company, after consultation with its external auditors, expects to make such adjustments to such financial statements as are necessary as a result of such inadvertent mistakes.

    THIS IS THE LANGUAGE CAUSING CONCERN - IT DOES NOT SAY THE EXISTING RESERVES ARE IN ERROR BUT THE FINANCIAL STATEMENTS CLEARLY ARE……THE "STREET" DOES NOT LIKE UNCERTAINTY OR INCOMPETENCY IN MANAGEMENT - THESE FACTORS WILL BEAT DOWN THE PRICE. IT IS POSSIBLE THIS COULD WORKOUT AND INVESTORS UNDER $4 COULD TURN A QUICK NICKEL - ANYONE INVESTED IN THIS ALREADY KNOWS IT IS SIMPLY A GAMBLE NOW.

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