FINS are incorrect. Steve EXCLUDED Delaware taxes payable from the liability section of the Balance Sheet. Steve, you can't have it both ways. To say it's the reason for not doing the audit and then ignore them because it makes your FINS look worse. Are you beginning to see why people like me who is a retired CPA (much credibility) are saying the books are cooked.
Steve you should correct the FINS immediately. Unpaid income taxes would roll forward in the Balance Sheet until paid in full. Perhaps, he'll issue shares of stock to Delaware to settle lol. Or he could just sell the debt to LAM and further dilute the existing shareholders.
PeaceKeepr, did you know Steve hid the Delaware tax liability from shareholders. He left it off the Balance Sheet and did not disclose it in the footnotes. Meanwhile, he said in the shareholder letter the taxes owed to DE were "huge" and could not pay them.
This is is just one more reason why you cannot trust Steve Berman ... nor trust the unaudited financials which he puts out. GLTY
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