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Re: Craig305 post# 30437

Thursday, 06/01/2023 12:20:37 PM

Thursday, June 01, 2023 12:20:37 PM

Post# of 31470
The financials stay basically the same. So they could file the Quarterlys within 24 hours.

And Cooley has filed to remove the shell status on several of the SSM hijacked shells.

AVVH is doing a little Voodoo accounting when the include Net Organizational Costs as an Asset.

Net Organizational Costs = $141,568 - where did the company get the Capital for the Organizational Costs.

For financial accounting purposes, partnerships and corporations that incur organization costs must treat these costs as expenses as incurred. This means that organization costs will reduce reported income.

But the most concerning part of the financials is the following:

"during the year ended May 31,2022, one shareholder advanced $3,377 for expenses."

If a public company has to borrow $3,377 for expenses then there is a real problem.

IG
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