New York, NY (PRWEB) October 28, 2004 -
The group is called F.I.N.D. (Fellows Investigating Notable Discrepancies) and they are packing quite a punch. They are mainly made-up of voluntary (men and women) accountants, attorneys, entrepreneurs, and other concerned citizens from across the Nation. Since privately launching the idea, Baratta has draw together a large following of these independent auditors who have pledged to collectively perform their own reviews of corporate reporting.
The group will randomly pick publicly listed and traded companies. They intend to gather the 10K and 10Q reports of the past five (5) years and re-evaluate them Âin reverseÂ thereby identifying reporting discrepancies in order to divulge the true value of each company and the stock; somewhat of a revolutionary Âreverse accountingÂ method. Baratta explained, ÂIt is the goal of this group to [ground] Wall Street and to hold each company to its true value, and not some expected or promised figure which companies will never meet or ever attain.Â
ÂIf any company is hiding a secret, we warn them now as we will certainly find them out,Â claims Baratta. ÂAlthough I am not an old man, I am clever enough to identify that todayÂs numbers are not real and all investors are seeing is smoke and mirrors.Â
A majority of the auditors for F.I.N.D. have caught-up with Baratta when he founded and thereafter sold a product known as the Stop Loss Bond. The Stop Loss Bond concept, which is now known as the ÂInvestment WarrantyÂ, was sold to an international conglomerate for an undisclosed amount of money. The Investment Warranty, much like the F.I.N.D. Group was a brainchild of Baratta. It is, unlike an insurance product, a warranty product which mitigates risk in any stock market based investment and limits loss to a maximum of 25%.
It is rumored the Investment Warranty will be released nationally by late 2004 or early 2005 and, according to Baratta, ÂitÂs going to make a substantial impact on the US economy.Â More information on this product can be found at: http://www.stoplossbond.com.
BarattaÂs main focus is his role as Trustee of BARI Holdings Irrevocable Trust which, in 2004, was ranked as the 21st largest private company in South Florida by South Florida CEO Magazine. BARI Holdings is involved in Âtriple netÂ real estate acquisitions for its own private portfolio.
Amongst other projects, Baratta is also the inventor of the extendable wall cord which allows for an extension cord of five, ten or fifteen feet to retract from any wall socket, yet, remains neatly packed behind the wall giving the appearance of a normal electrical socket.
Baratta is also the owner and main force behind a new international check clearing system known as ÂAXCESSÂ. Stemming from AXCESS Bank, AXCESS will be the first banking system to house electronic signature cards from every World Bank allowing customers the ability to clear personal and corporate checks in seconds rather than weeks between two different countries and non-participating banks. The same will be true for non-local US customers whose out-of-state checks will be able to be cleared at any US bank instantly.
Fellows Investigating Notable Discrepancies - (F.I.N.D.)
Paul Denton, Dir. Public Relations
New York, New York
Postal Service c/o:
Post Office Box 34
Boca Raton, Florida 33429-0034
Telephone: (561) 266 Â 8837
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