Replies to post #9401 on Caduceus Software Systems Corp (CSOC)

[ThoroughBread]

Share Structure


Authorized Shares 850,000,000 a/o May 15, 2017
Outstanding Shares 804,600,000 a/o May 15, 2017
-Restricted 662,500,000 a/o May 15, 2017
-Unrestricted 142,100,000 a/o May 15, 2017
Held at DTC 142,100,000 a/o May 15, 2017
Float 109,600,000 a/o Sep 08, 2016

[littlejohn]

It just looks like they gooofed and

nothing else...maybe didn't use

right accounting software

program...might need to use

a software based on a debt

collector program if Tang

bought the debt at a discount...


Debt collector may by debt

at 10 cents on the dollar

but that is all the debt is

worth unless more is collected...


The asset related to former

medical software base was

wrote off at year end 2012

as the company gave up

on that biz pursuit...


Non-Recurring Items - - 4,965 0


have to click balance sheet

in link to follow...


http://www.otcmarkets.com/stock/CSOC/financials#



On asset side about $435k

showed added at year end

2015 under intangible asset...


Then the debt for the

wrote off asset from

2012 was added back

in for year end 2015...


So that counts that debt

twice against equity...


If that $435k for intangible

was the cost of buying

out the old debt, then

the liability side would

show an equal charge as

debt owed?...


That's an If, since there

isn't great detail given

in the filing...


Anyway, very simply, the

asset of about $5 million

written off was charged

against company equity...


When that debt was added

back at year end 2015

with no equal asset added

it charged against company

equity again...


Which isn't doubling pleasure...


It will likely get figured

out eventually if any

merger gives a positive

need to uplist later...


Doesn't matter as much on

clarity with pink listing...LJ