EP Global Communications Inc fka EPGL

[Stock_Barber]

Nothing! No cash payment from COO shown...

What was the settlement, a token $1?

Anyone want to present an argument as to how getting paid nothing by COO is a good thing?

Although, for an annual report, it is so bad as to be nearly useless (as stated by their accountants)!

How can they carry the same Accounts Receivable (Net) of $12,573,000 for 2 years straight?

Account receivables are classified as current assets assuming that they are due within one calendar year or fiscal year.

"Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for."

$12.5M "worth" of worthless MPDD's sold to a shareholder (Markus' brother) sitting in an overseas warehouse buried in dust!

Imagine what the books look like if they actually had written off the $12.5M... as they should have (I believe)!

Any accountants out there that can explain this? I am not an accountant!

We did not audit or review the financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management.

Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements.

Management has elected to omit substantially all of the disclosures required by accounting principles generally accepted in the United States of America. If the omitted disclosures were included in the financial statements, they might influence the user's conclusions about the Company's financial position,results of operations and cash flows. Accordingly, the financial statements are not designed for those who are not informed about such matters.