As a result of the WSCG purchase of the Company assets, the previous operations of the Company will be reflected as discontinued operations, and the assets that were sold are all reflected as assets under discontinued operations.
The bottom line of the discontinued operations is shown on the income statement…and that is all that is required.
I guess if they were faking a bunch of revenue and Borgers was looking the other way, this might be a way to handle it. But Fruci was engaged on May 9, 2024 and it would have been hard to hide in the re-statement accounting.
1) Do I own stock? Answer: No. I don’t invest in penny stocks. 2) Why am I here? Answer: I like debating things that I have a 95.7% chance of being right about. 3) Am I a paid basher? Answer: Wait…what? You can get paid for this?