Ernst Young is paid by the client to certify.
10 times out of 10 they will work with you to the last drop to get you signed off on an audit. You have to basically be committing murder in broad day light for your own consultants to not sign off.
It is HEAVILY implied by this act that $SMCI is cooking the books by a lot, not a little.
This won’t end well and implicates a ton of other companies with them. I can honestly say you only see this with something like Lehman
Ernst Young is paid by the client to certify.
10 times out of 10 they will work with you to the last drop to get you signed off on an audit. You have to basically be committing murder in broad day light for your own consultants to not sign off.
It is HEAVILY implied by this… pic.twitter.com/2qmMNrgiJW
— Merlin Capital 🧙♂️ (@merlinscapital) October 30, 2024
Let’s put this on record: the SEC is nowhere to be found in all of this
If they aren’t prosecuting obvious fraud perpetrated even during daylight then they are complicit in all that’s happening and is going to happen t.co/GrxglsYBwI
— JustDario 🏊♂️ (@DarioCpx) October 30, 2024
Did you know $NVDA replaced Enron on the S&P 500 in 2001.
Also did you know $NVDA is using vendor financing (round trip financing) for its customers like CISCO and Nortel did in 2000. t.co/SQKE9Oc3zB pic.twitter.com/ICiPpu4G4w
— Financelot (@FinanceLancelot) October 30, 2024
BREAKING: Super Micro auditor Ernst & Young resigns citing ‘integrity’ concerns$SMCI dropped -33% today. They are $NVDA's 3rd largest customer. 😏 t.co/aAX4zI2kAs pic.twitter.com/LMDr00Rnnl
— Financelot (@FinanceLancelot) October 30, 2024
Fintwit darling tulip stock SMCI (server racks & likely fraud) is now down 80% from the peak pic.twitter.com/T9eyxrJWIn
— Don Johnson (@DonMiami3) October 31, 2024
🔶 MicroStrategy's $42 BILLION debt/equity raising to buy #Bitcoin is the largest single capital raises in corporate history.
IPO – $26b Saudi Aramco
Equity – $5b Tesla
VC – $6.5b OpenAi
Private Equity – $27b Blackstone #Bitcoin – $42b MicroStrategy pic.twitter.com/RIf9c65Whn— Radar🚨 (@RadarHits) October 31, 2024