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Re: stainster post# 7047

Thursday, 02/17/2011 10:16:15 AM

Thursday, February 17, 2011 10:16:15 AM

Post# of 55129
Just read your post again. You make a good point by the way, if compensation not earned in 2010 then it would be correct to record in the period earned. However BTDG in the employment contract and approval for the share issuance specifically refer to services in the prior year. Also, reading your post maybe you have experience in payroll but none in accounting, financial management and business management, so that might be why you are struggling to understand what accrual accounting and US GAAP is.We all just wish to understand what the situation is so thanks for taking the time.Maybe BTDG just needs a good legal secretary to pay attention to detail.

On another subject since you do appear to be trying to be objective, do you think the "definitive merger " will occur ? Do you think the CFO should step down ?