Southridge Enterprises Inc (SRGE)

[I-Glow]

You can't depreciate a acquisition - you treat it as a whole if it is a capital expense. Your premise that a acquisition is a capital expense is completely wrong.

Your argument would be similar to purchasing a front end loader and breaking out the parts and depreciating the tires, engine, etc separately. Your argument just doesn't make sense when following GAAP.

It is pretty basic accounting. Plus, the rules of filing a 8-K require you to report a M&A separately from a capital expense.

SCCO did not file anything about a acquisition - they will have to file another 8-K if the discussions ever take place. When a Form 8-K is required for asset movement: acquisition or sale.

It is pretty clear that what SCCO filed didn't address any buyouts.

IG