I expect OTCMarkets "Financials" to be ridiculous and usually completely bogus. But this set from PSRU "filed" over the weekend to support a supposed takeover of the Company ranks right up there in the OTCMarkets Hall of Shame.
Just ignore that the "financial statements" consist of only 2 pages each, and are just a balance sheet and half an income statement. No cash flow statement, no statement of equity, no notes to the financial statements. But the real winner is that fiscal 2012, fiscal 2013, AND the the six months ended June 30, 2013 and 2014 have exactly the same numbers! Every single one of them. Not a penny of expenses in 2 1/2 years! What a feat! What are the odds! Even if one wonders how they are paying OTCMarkets for the promotional service of posting the financials, among other things.
Of course, the Company expects those "financials" will require OTCMarkets to make the Company "current". Which it probably will, as you can pretty much just scribble a bunch of nonsensical numbers on a gum wrapper, upload it to OTCMarkets, and voila! Current.
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