InvestorsHub Logo
Followers 0
Posts 150
Boards Moderated 0
Alias Born 07/23/2010

Re: TORPEDO post# 40753

Wednesday, 12/22/2010 10:43:55 PM

Wednesday, December 22, 2010 10:43:55 PM

Post# of 47225
Where do you get that TRDY is supposed to pay 3.1 million to Burnham on Dec 31? The only liabilities listed in the financials are a note payable that was due on Sept 3. for $38,399 owed to Burnham, a note payable for $165,000 and 6K in account payables. The scaffolding asset happens to be valued at $165,000 so I would say Larson issued a note for the scaffolding. TRDY most certainly doesn't owe 3.1 million to Burnham according to the financial statements. And I'm not sure why an auditor would have held up the 10Q filings since the financials are unaudited.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.