Southridge Enterprises Inc (SRGE)

[winstoncooper]

BGL has reported their Exploration and Evaluation assets at cost per Note 14 of the Financial Statements:

"Fair Value as deemed cost

The Company may elect among two options when measuring the value of its assets under IFRS. It may elect, on an asset by asset basis, to use either historical cost as measured under retrospective application of IFRS or fair value of an asset at the opening balance sheet date. THE COMPANY HAS ELECTED TO USE HISTORICAL COST FOR ITS PROPERTY AND EQUIPMENT AND EXPLORATION AND EVALUATION ASSETS."

Like I said, I'm a CPA, reading this stuff is like other people reading the sports page.

Looking forward to SRGE/MSJ getting this BGL mess behind them and going forward.