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Americatowne 1Q2017 Cuts another Loss

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Principian   Friday, 05/19/17 09:58:33 PM
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Americatowne 1Q2017 Cuts another Loss

Looks like another Loss is now on the books for AmericaTowne. When looking at all the filings from Americatowne and GREI one can see a lot of money is being rotated and siphoned off to Alton Perkins other private entities. Accounts receivables from his related parties is also climbing along with liabilities. It also appears, he consolidated the Revenue from GREI into Americatowne and then didn't consolidate the expenses and liabilities nor is he using the GAP for Intra-Company Accounting in the filings. This may be an oversight, but it also could trigger an IRS Audit because it is inflating the revenues without the proper accounting for Intra-company related party transactions. No Filings yet exist for EXAI. So no reflections can be seen in the Americatowne numbers for their joint venture with this Ghana Bank as well, from the 8-Ks Americatowne supposedly is on the hook to raise $8-35Million for this Ghanian Bank and at the same time the Chinese now want $11 Million in Fixed Asset Investments each year for the Next 5 years for GREI.

2016 Annual Numbers also were interesting as a $845K Return was buried into the footnotes without an expected 8-K detailing which exporter agreements went sour. Yet two were highly suspect anyway for Deal Quality. not much mention of any actual exporters making any money from the Chinese. The Trade Zone Deal that was the basis of the marketing of Americatowne is in a status of being in Default (Meishan Port Agreement) from both number of Exporters as well as total amounts of exports to receive the preferred treatments.

https://www.bamsec.com/filing/165917317000266?cik=1606699



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