Saturday, June 27, 2015 5:56:24 AM
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First GOSY's PR headline says Net Profit. Was Spencer lying?
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Second, GOSY's financials for that time period say Net Profit. Was Spencer lying?
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Third, like most folks that don't get the value of GOSY, it is easy to use "lies, damn lies, and statistics" to unfairly represent the value of GOSY.
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Here's what is easily missed by those unfamiliar with the flaws in GAAP:
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In the EU, all of GOSY's R&D would be 50% capitalized as an asset on GOSY's Balance Sheet. That would be valuation of GOSY's tech on the BS. In the US, no percent of R&D can be capitalized.
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Like I said earlier, unless one understands Net Profit in PR headlines, Net Profit in financials, and GAAP and its flaws, then one deliberately misses the Big Picture due to those deliberate misrepresentations of fact.
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BTW, what rumors have you heard about Neil Wallace and George MacLeod activities regarding their manipulation of GOSY's stock price by constantly creating doubt about GOSY's tech and probability of future revenues? I have heard that MacLeod left the US and is hiding in the UK due to his scams in the US with Wallace and others. Curious if you have heard anything-
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