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Re: rawman post# 36717

Monday, 06/26/2017 7:07:56 PM

Monday, June 26, 2017 7:07:56 PM

Post# of 42188
If you missed my original deleted post, here's a slightly more polite version :).

From what I've read about reporting farm-based income, the terminology used in Bo's PR is consistent with standard usage. And the terms that you insist that Bo should use, are actually NOT consistent with standard usage:

Farm income (From Wikipedia, the free encyclopedia)

Gross cash income is the sum of all receipts from the sale of crops, livestock, and farm related goods and services as well as all forms of direct payments from the government.

Net cash income is gross cash income less all cash expenses such as for feed, seed, fertilizer, property taxes, interest on debt, wages to hired labor, contract labor and rent to nonoperator landlords.

https://en.wikipedia.org/wiki/Farm_income
http://www.investopedia.com/terms/f/farm-income.asp


And nowhere does Bo say or even suggest that the gross income estimates are for Calipharms (as you seem to claim)... Instead, the PR very clearly states that these estimates are for Pacific Cannabis Growers, of which Calipharms owns 51%.

2017 Forward Looking Income Projections for the Farm
(The following are projections provided by the acquisition candidate...)

http://www.marketwired.com/press-release/calipharms-and-pacific-cannabis-growers-execute-acquisition-term-sheet-otc-pink-kget-2203373.htm