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Re: Dplv post# 73466

Tuesday, 09/13/2022 7:18:53 PM

Tuesday, September 13, 2022 7:18:53 PM

Post# of 75388
You don't understand the basics of Accounting - Schaefer didn't include the Bitcoin on the Balance Sheet - it was a one paragraph blurb in the financials. To be included on the Balance Sheet you have to be able to prove the assets exist and Pillsworth didn't have any proof ergo he committed fraud.

"When people say a lie over and over… they start believing their lie. Everyone know sir/ma’am that BS posted on the 2015 fins he had BTC. Why do you keep saying Tom posted fraudulent fins.

HE CARRIED FORWARD PRIOR MANAGEMENT STATEMENTS. PERIOD!"

To be GAAP compliant you can't "carry forward" a previous management statement if you don't have control of the 513 Bitcoin - it wasn't in any wallet because it never existed.

I say Pillsworth filed fraudulent financials because he put 513 Bitcoin and $700k in Cash on Hand on the Balance Sheet when he knew neither existed.

That is why the OTCM placed a CE on CCTL.

The CE has been in place one year and six months and no update from Pillsworth about the status of the CE removal.

IG

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