Saturday, September 15, 2012 12:42:51 PM
1) Property Asset Valuations 2) goodwill impairment...
Sadly, those who bought into Kennay's .70 valuation which was adjusted to .10 in a more recent SEC filing are now left facing the wide spread of .001 - .096 which astute investors know is used for taking down a stock.
A little DD will reveal the 1-3 shares is a .001 valuation, in lieu of shares...! Quelle surprise! The Devil's in the Details...!
Of course, Bobbay Nordberg may want investors to believe otherwise; unscrupulous stock promoters tend to thrive on OTC scams.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79565538
Truth is None of the Properties has a Value
They Have "No Proven Resources"
Just the Price the CEO Placed
(With No Independent Verification)
The Securities & Exchange Commission continues to scrutinize the new subjective valuations arising from ASC 805 and 350, and the agency continues to pay particularly close attention to how those valuations are incorporated in purchase price allocations for mergers and acquisitions. That being the case, it is critical that companies hire a reputable firm to provide expert valuations and impairment opinions under these accounting rules............
And Consider this and the Valuation Place on Ekom
Kennay paid and Brookes recieved .001 in shares
Sadly, those who bought into Kennay's .70 valuation which was adjusted to .10 in a more recent SEC filing are now left facing the wide spread of .001 - .096 which astute investors know is used for taking down a stock.
A little DD will reveal the 1-3 shares is a .001 valuation, in lieu of shares...! Quelle surprise! The Devil's in the Details...!
Of course, Bobbay Nordberg may want investors to believe otherwise; unscrupulous stock promoters tend to thrive on OTC scams.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79565538
Truth is None of the Properties has a Value
They Have "No Proven Resources"
Just the Price the CEO Placed
(With No Independent Verification)
The Securities & Exchange Commission continues to scrutinize the new subjective valuations arising from ASC 805 and 350, and the agency continues to pay particularly close attention to how those valuations are incorporated in purchase price allocations for mergers and acquisitions. That being the case, it is critical that companies hire a reputable firm to provide expert valuations and impairment opinions under these accounting rules............
And Consider this and the Valuation Place on Ekom
Kennay paid and Brookes recieved .001 in shares
"Texas" Weeeeeeeeeeeeeeeee LMFAO
