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:
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM