News Focus
News Focus
Followers 5
Posts 619
Boards Moderated 0
Alias Born 05/06/2007

Re: waltczyk post# 15588

Wednesday, 05/21/2008 4:51:23 PM

Wednesday, May 21, 2008 4:51:23 PM

Post# of 20457
Your right, the deviance would be in an Opinion letter, please excuse my verbiage. Thank you for the correction, I will be more careful in the future.

If the salaries were not accrued, they are not an expense. What you are stating is the salaries were earned, not paid and are due to management in a future accounting period. This is not a true statement.

If you had taken the time to read the posts of those that had visited Independence, you would have discovered that for most of 2007, there was Larry, Rex, a lady in the office and 4 to 6 employees that worked in the field. You also should remember that they had floods last year that did not allow a 52 week work year. Hate to disagree, but there are "no big boys".

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today