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mwg611

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mwg611

Re: PickStocks post# 374010

Thursday, 07/26/2012 12:12:00 PM

Thursday, July 26, 2012 12:12:00 PM

Post# of 730256
The Financial Accounting Standards Board (FASB) requires audited financial statements to be prepared using GAAP. GAAP reflects historical cost not fair value. The Footnotes will reveal the amount of the NOL's not the value. The value can not be determined at this time. The audited financial statements will be informative, but will not provide the value of the company or its underlying assets.
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