GeckoSystems Intl. Corp. (GOSY)

[WhisperingBomb]

Why is GOSY undervalued?

Compliance with Federal Accounting Standards Board's (FASB, http://www.fasb.org/ ) Generally Accepted Accounting Principles (GAAP) distorts the true economic condition and performance of the company.

This is due to the requirement to write off 100% of all R&D expenditures in the year incurred.

Hence a complete writeoff of all R&D expenditures, regardless of present and/or future value to ZERO.

This required compliance with GAAP forces Development Stage (pre-revenue) companies, like GOSY, to place no assets on their Balance Sheet for their proprietary Intellectual Properties (IP) regardless of the level of probability of future net profits from those R&D activities.

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