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Post# of 157299
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justfrank

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justfrank

Re: pokestake post# 105902

Thursday, 07/10/2008 10:34:50 AM

Thursday, July 10, 2008 10:34:50 AM

Post# of 157299
There wouldn't be a listing of hotzone as an asset. Guess your memory is failing, that was one of the resaons for restating and what the SEC found wrong.

from the SEC complaint

Therefore, proper accounting under GAAP required that GlobeTel record the entire amount it paid Hotzone at the time it acquired the "in process"research and development project as an expense rather than capitalizing it as an intangible asset

Don't let your prejudices, assumptions and ego cause you to come to conclusions which on the surface seem sound and correct but in reality are flawed

My Board for discussion of any stock.

http://www.investorshub.com/boards/board.asp?board_id=8758

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