Replies to post #26983 on Bemax Inc (BMXC)

[ShortsFail]

Yes, the revised numbers will be good news.

[I-Glow]

Missing inventory in a financial statement - is much more complicated than just putting a entry in the balance sheet for inventory.

First, you just put in the cost of the inventory - and then you have to account for paying for the inventory.

It is amazing for the CEO claim to be a accountant to screw up the financials as many times as she has in the past. There isn't any accountant that would miss inventory for two years.

I am amazed at how many think that missed inventory is just a one line entry on the balance sheet.

If they didn't count any inventory as an asset, then it makes a big difference in the final numbers.

Remember the SEC has already admonished the CEO about the last 10-K. They will really have some fun with this latest nonsense.

I suspect the CEO has lied about being a accountant.

IG