AI
Friday, February 03, 2012 9:03:42 AM
Q3 and the very poor book keeping going on here
This is the Shareholders Equity section from THRA’s Q3 all the circled in red items are incorrect entries. The books are so screwed up here that none of the information being provided to shareholders is accurate in the least bit. How is one to take anything of face value presented by this current management when the current management presents BAD information to it’s shareholders?
Then of Course there is the awesome Notes payable section in which case she starts lopping zeros from the dollar amount column. This skews the balance sheet considerably and worse yet when you look at the balances left over after liquidating $160,330 towards just three notes, there is still $22,000 worth of balance left on them, they were only $77,990 total with interest included.
So here are the Notes, and yet we have either embezzlement going on here or someone is getting a massive discount at the expense of shareholder equity.
This is the Shareholders Equity section from THRA’s Q3 all the circled in red items are incorrect entries. The books are so screwed up here that none of the information being provided to shareholders is accurate in the least bit. How is one to take anything of face value presented by this current management when the current management presents BAD information to it’s shareholders?
Then of Course there is the awesome Notes payable section in which case she starts lopping zeros from the dollar amount column. This skews the balance sheet considerably and worse yet when you look at the balances left over after liquidating $160,330 towards just three notes, there is still $22,000 worth of balance left on them, they were only $77,990 total with interest included.
So here are the Notes, and yet we have either embezzlement going on here or someone is getting a massive discount at the expense of shareholder equity.
