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Originally Posted by Kasept
The best part of this is their admission that they are shortfalling about $18 million. It's already been established that they misreport their surcharges of $10-14 million annually... so they really are pretty close to being a breakeven operation with only the most modest hedge-trimming of $5 million annually. They needed a big dramatic bankruptcy for that? Frucher is so full of crap that his eyes are brown.
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"misreport" what does that mean that the CPA that signs the audit committing fraud or does it mean that they are accurately reporting the surchase per GAP and you don't concur with the methodology. Do you have an experts in accounting that are willing to speak on the subject factually or are we just going to rep stuff we heard secdond hand??
Again I realize Frucher is full of it and I recognize its a ploy..How about exposing it with facts from authorities save Phil?