It's never in the tradition of the Arsenal hierarchies to allow the club to go into bankruptcy or
into any serious financial difficulties for signing a player or players at astronomical fees to enable them win the title which even by signing them, the signings may not guarantee us winning the title.
The auditors stated in a Form 8 - K filed by the Company on July 2, 2007 that they found «a number of
serious issues and encountered significant
difficulties in the performance of the audit that... called
into question the commitment of Fiberxon's management to maintain reliable
financial reporting systems, including accounting books and records, in conformity with accounting principles generally accepted in the U.S. and China.»