Replies to post #28543 on Rock Creek Pharmaceuticals Inc. (fka RCPIQ)

[1manband]

Read the SEC filings. You are missing the penalty clauses in the financing agreements.

And if you think the numbers are wrong, get a copy of the financial disclosure statement as filed with the Court and see for yourself. That 8-K reflects exactly what was filed with the Court.

And yes, it is GAAP compliant. Any CPA would know that if the numbers are no longer consolidated, and the increased liabilities are due to monies owed among subsidiaries and the parent, then the exact amount of the increase would also be reflected in increased ASSETS. Which in this case, it is not.

And that is where your argument falls apart.