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Tuesday, July 05, 2011 2:48:07 PM
He would probably do it when he has to change accountants again.
Then he can go back to his make beleive sales and cash accounting instead of accrual accounting.The accrual accounting really cuts into profits on share selling because he has to pay taxes on the sales claimed at the time they are added to the bookkeeping whether or not they have been paid for.With the cash accounting he can just lie and then say he never got paid or product was returned for refund.But as a filing company he is supposed to add all those types of things as notes to the financials.
And not to mention the missing 8-k's.
But this is his first filing p+d and Gary is not very educated and needs consultants for everything.
Gonna make a difference !
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