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QServus

05/26/14 2:37 AM

#41092 RE: Kilacam #41089

As per GAAP principles, which is what unaudited financials must follow, cash and cash equivalents are treated exactly the same.

FINRA demands all unaudited quarterlies follow GAAP

Porilla did not do that.

He is breaking the law here
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janice shell

05/26/14 3:16 AM

#41122 RE: Kilacam #41089

Cash and Cash Equivalents Cash and Cash equivalents are considered to be highly liquid investments purchased with an initial maturity of three (3) months or less.

And "intangible property" qualifies?