InvestorsHub Logo
Followers 4
Posts 186
Boards Moderated 0
Alias Born 07/27/2016

Re: Forever Long post# 26183

Tuesday, 08/16/2016 6:39:06 PM

Tuesday, August 16, 2016 6:39:06 PM

Post# of 36208
It would behoove you to take some Intermediate Accounting courses to learn GAAP treatment and forensic analysis of financial statements. The MOR Balance Sheet is puffed up without any substance behind it. The increase in equity from 9/30/2015 is nothing more than SUNE's accounting system running amok. For example, how do you explain a company with $17.5 billion in assets generating less than $7 million in revenue in 6 weeks? Or how SUNE is showing consolidated $1.3 million in interest expense for the period yet the interest rates on the $1.3 billion DIP loans are +8% which would be approximately $11.7 million for the 6 week period? When the numbers don't foot and make sense then something is seriously wrong with the reporting so it should be dismissed.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.