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Re: JamesPettigrew post# 34009

Monday, 08/13/2018 9:04:10 PM

Monday, August 13, 2018 9:04:10 PM

Post# of 34093
1. Right, but the figures on the document are suspect, considering the last audited financials. Also, do they mean cash receipts? Do they mean shipped receipts? Cash accounting means the cash they collect is income, however GAAP says it's not income until the item purchased is shipped. No context for this receipt scenario.

2. Typically in BK Court a company submits standard financial statements.

3. Agree with you there. However it isn't the BK Court's job to audit the financial statements. It's up to the claimants and their attorneys to dispute the accuracy of this document. See #1.

My point was that this document should not be relied upon to make any opinions about JRJR. I'm sure more complete financials will come out through attorney actions.