DD Support Board and Research Team

[1manband]

Wow - where do you start? Those financial statements have to be a joke. They are really not compliant with anything. I don't even have to see a property report to know those "Proven Reserves" are clearly not in compliance with SEC Industry Guide 7, nor is that valuation in compliance with GAAP. They need to not only review Industry Guide 7 but also the meaning of "goodwill" and "intangibles". My guess is the person who assembled those "financial statements" (and I use the term very loosely) has absolutely no knowledge of accounting whatsoever. They probably copied most of the framework from some other company and just inserted their own numbers.

This is another great example of why no one seriously trusts Pink Sheet companies. Much of what is posted by companies over at OTC Markets is less than truthful. Many of those "unaudited financials" are complete jokes, and are in no way applicable to GAAP.