IMD Companies Inc (ICBU)

[bigbadjohn]

So they made all this money? Odd thing is we should compare last quarter to this quarter, red light, not one of these assets changed figures by even one dollar. I own a business and let me tell you my cash varies monthly. Not here. Their accounts receivable have not changed for a single dollar. That's very odd for a big mining company and all the cash and receivables?
June March

cash 53,867 53,867
accounts receivable 1,083,731 1,083,871
short term loans/advances 6,699,123 6,699,123
prepaid 1,028 1,028

$356,939 in interest in three months! wow. let's say it's 5%.
That represent's a 28 million dollar loan. Who gave them that? Where does that show up anywhere? Unless they're paying that kind of interest on the 6.7 million dollar loan.

Now I see 15 million in equipment, since the company finalised the mining deal in December, can you depreciate equipment by 50% in less than a year? Nope, and they never had 28 million in equipment to start with because that doesn't include the mine.

They did depreciate 423,077. Who depreciates their equipment by 2.75%. That's just giving money to the government. 11% yr?

Lot of "stuff" pretty weird. What interests me the most goes back to 2016. PLACERVILLE, CA, Dec. 21, 2016 /PRNewswire/ - IMD Companies, Inc. (OTC: ICBU) Board of Directors is pleased to announce that the company has completed its acquisition of KRSNA MINERALS.

That was December 21 of 2016 ten days until the end of the year. You really need to look at the end of year December 2016 p/l statement.
http://www.otcmarkets.com/financialReportViewer?symbol=ICBU&id=168372
How did the company attain those sales, depreciation expenses etc in 10 days?

Good luck to you all.I like looking at stuff, maybe I will look further, remember if it smells like a POS it is a POS don't touch r eat it.