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Re: Steel Penny post# 177104

Thursday, 04/03/2014 4:35:31 AM

Thursday, April 03, 2014 4:35:31 AM

Post# of 380519
Since you've been doing this for 45 years.....take a look at the change in the "Deficit accumulated during the development stage" from Sept 31st to Dec 31st. The difference should be the net income for the Qtr ending Dec 31st. Something ain't right. I wonder whats being discretely flushed through that account without hitting the income statement.....$500k..... hmmmmmm.......maybe I will dig into these financials a bit..... I'm sure the explanation is detailed in the notes....