Black Dragon Resource Companies Inc (BDGR)

[snowcrow]

"Black Dragon Reports Increased Earnings for 2006
Tuesday April 24, 1:32 pm ET
OIL CITY, LA--(MARKET WIRE)--Apr 24, 2007 -- Black Dragon Resource Companies (Other OTC:BDGR.PK - News) today announced that Gross Revenue for 2006 was $2,482,219.69 vs. $1,099,460.33 for 2005. These are management's figures, subject to audit."

Hmmm. The published revenue figure for BD per the '05 financials listed on PinkSheets.com is $729,851. It is my understanding that per accouting regulations, this is all they can claim as their revenue. Is this the requirement per GAP? Per accounting regs --- and I bet this is the case --- BD can only count revenue that is their revenue. That would now make sense!!!

Any ideas Nitwit as to why the unaudited fiancials for '05 list only "net revenue" of $729,851 and the PR list revenue at $1,099,460? If the 1,099,460 is not really BD's revenue, isn't that, well, misleading?