Tuesday, August 16, 2011 11:13:56 AM
If they write off the BS book value they have on the books for the Terra purchase valuation (which has zero new sales now for almost 12 months), the equity is far worse than reported.
I see in today's PR they say:
So that is not real income, but some kind of cooking the books trick, like a change in derivative value of existing stock warrants because of the huge price drop of the stock. Not a real profit, so beware!
Edit:
In fact this confirms it:
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM