Bravada International Ltd (BRAV)

[Sharkey]

The new accountant just doesn't know how to prepare a cash flow statement. Some mistakes on the report are:

1. Beginning cash doesn't agree to cash shown on 06/30/12 balance sheet. Difference of only a couple hundred dollars but it should agree.

2. Changes in Accounts Receivable, AR Clearing, & Undeposited Funds are not correct.

This statement is basically just a math problem. A-B=C. For example ending A/R minus beginning A/R = change in A/R.

They should just get an outside accountant to prepare this statement for them. I have given up complaining about this statement. It is such an easy thing to fix, it amazes me that they can't get this right.