Rvplus, Inc. (fka RVPL)

[TenKay]

Absolutely. And you can see it for yourself.

The most basic equation in Accounting is the "Accounting Equation" also known as the "Balance Sheet Equation"

Assets = Liabiltiies + Shareholder Equity.

That must hold true for ANY balance sheet.

Now go look at the balance sheet in the two most recent Q's. Not even close.

Why?

He was playing games with the "Account receivable". Not letting it show up as revenue as it would then flow through the income statement to shareholder equity.

In essence he was trying to get away with showing it as an asset so some investors, that don't know how to read a balance sheet would think it is real. However, he thought the SEC might ignore it because by not showing on the income statement or in shareholder equity he was "sort of telling the truth". Problem is it creates a balance sheet that is FUNDEMENTALLY WRONG.

I can go into ALOT more detail if you like.