Tuesday, July 09, 2013 1:00:22 PM
It seems on the financials what they did was to take 2007/2008 financials and just carry forward without paying any attention to assets that should be written off, nor any sensible way of recording offset to all the shares issued, nor made the necessary accruals for expenses. The capital accounts seem to be a "catch-all" with all sorts of accounts that are not proper capital accounts. So it seems someone who knows quickbooks but not accounting makes the entries. The result is misleading and incorrect financials.
The capital account is odd. If one tries to tie-in shares issued, in which time period, and what was offsetting entry, doesnt appear to make any sense.
This is just one reason why idea of someone making muti-million dollar investments with objective of going to higher exchange doesnt make sense. The financials are now so far gone for the last few years, it would be cost-prohibitive to produce audited financial statements.
Also shows severe weakness in the otcmarkets continuous disclosure requirements. If one reads this on their website it is quite clear BTDG doesnt meet requirements but apparently otcmarkets doesnt review filings made.
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