Tuesday, May 30, 2017 7:22:49 PM
Numerous reasons. Almost every single line item is non-US GAAP compliant. But the bogus "valuation" of the "gold mine" alone is clearly non-GAAP compliant. It is also fraudulent.
The other property valuations are also non-GAAP compliant and almost certainly the same. GAAP doesn't allow you to just slap whatever value on an asset you feel like, which is clearly what they have done.
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