AI
Tuesday, April 12, 2016 8:46:00 AM
http://www.otcmarkets.com/financialReportViewer?symbol=CGRA&id=152105
Consolidated Financial statements between CGrowth Capital, Inc. and CGrowth Capital Bond Ltd. will surely bring some Nice Numbers IN, like promised in that PR here:
The bonding company, registered under CGrowth Capital Bond Ltd., is a wholly owned subsidiary of the Company and will be treated as such under the Company's consolidated financial statements.
PR: HERE
From CGrowth Capital Bond Ltd. pdf page 17: HERE
Well, i'm no accountant but you cannot have a $21 Million Bond offering with just the $10 Million Assets stated in the 2014 Annual Report.
You need some serious underlying assets to make such an offer in any Asset Backed Financing project.
Asset-backed securities, called ABS, are bonds or notes backed by financial assets. - See more at: http://www.investinginbonds.com/learnmore.asp?catid=5&subcatid=16&id=10
Who knows how many and how big the goodies will be in the 2015 Annual Report due April 14th?
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