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Posted - 2009.05.27 04:57:00 -
[2]
 Originally by: Ricdics
Something just as important a statistic.
Of all the audits performed in the history of the MD forums, none have stolen any personal data or used them for their own benefit. So for all those people using the excuse "they might steal my trade routes", this is a non issue when using this statistic combined with the one at the top with Cosmoray.
What an entirely ludicrous thing to try and claim. What are we supposed to take you on your word? Doesn't this sound a little strangeą well familiar at least. Since we could never prove that you have taken advantage of any trade route, you can claim that you have not?
Originally by: cosmoray
RE: Auditors
I can say to a fair degree of certainty that Kazuo, Kazzac, Shar, Bad Bobby, Brock Nelson have never abused any information divulged to them for purposes of an audit.
There are several other auditors out there also but I do not have as much working knowledge about them.
But obviously you could never prove that. We could probably never prove differently, howeverą that claim is completely ridiculous. And the worry of some IPO/Bond managers is still a legitimate claim.
I guess it doesnĘt matter that all of you stand to lose the most if you were exposed so imagine that, you defend yourselves and try and make ridiculous claims. I would have loved to see someone else try and make a claim like that and the sort of flame you all would have put on him.
Originally by: Kazzac Elentria
Its entirely possible that some of us have abused any information we've gleamed. Its something that cannot be totally written off honestly, since the chance even if small is there.
But I can speak for myself when saying that any information I have at my hand when I have an audit is more or less useless to me.... even if you do happen to be building capitals.
Yeah, I bet. And once again, I guess we should take you on your word that you have not.
I guess we should call for full API audits on the auditors in order to insure that they are not abusing their positions in MD community and then audit the auditors that are auditing the auditors to make sure they are not abusing that position either. And so on. (kidding)
Frankly, I am not trying to insult anyone at all. I, especially, am not trying to insult any of the auditors as the service is appreciated and somewhat valuable. The fact of the matter is that audits can prove that someone, within reason, does have a trading/manufacturing business and can justify the sums that they are trying to extract from MD. This is valuable information and a service that should be available to investors. There is a risk that private information could be gleamed from audits and at the end of the day and it is entirely trust by the IPO/Bond issuer to the auditor he selects ( or the one that is free within a few months).
However, there have been successful IPO/Bonds that did not have an audit performed and it should not be absolutely mandatory. I guess it is cute that you all push for people to use your service and to pay you for it? I wish I could insert myself into transactions like that (LOL RL bond rating companies).
Cosmoray's advice is sound and should be taken into account, however, following it to the dot or downright vindictively flaming anyone that is trying to start out is wrong and causes there to be a very tiny secondary market.
-GV
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