Replies to post #151584 on Stella Diagnostics Inc (SLDX)

[space1230]

Ummm, how about: Chimienti paying 1 million dollars up front. Where should Linduff have deposited the money, in an Easter egg basket?? ;-)

Under Checking/Savings, a $ 1,000,000 entry marked Chimilenti. Chimilenti is the group that purchased the old software product. Listed under Checking/Savings?

Maybe DUE FROM Chimilenti as an accounts receivable but certainly not Checking/Savings

[space1230]

No it doesn't. It means that the company has already reserved that cash by legally setting up a corporate account to effectuate the buy back action. I know, it is all very baffling because it is not what we are used to seeing on the scam OTC. Your questions certainly help support the fact that Oak River Tech DOES NOT belong on the OTC. It probably won't be for very long ;-)

Since when is a Stock Buyback fund a LIABILITY? That would mean that the company owes itself to put money into that fund

[elkonig]

Besides all that the Chimienti deal was PRd as worth 2.3 million. Where has the other 1.3 million gone? Non disclosure by Linduff is brutal. Looks like he is taking lessons from Vakser.
What's happened to all the 3D programming TVs etc.? Just all thrown in the garbage can! No explanation at all.

[exploreit]

Since, you only had accounting 101, you could not understand advanced accounting, until stock is purchased on open market, you can not put that as asset.