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N4longterm

04/23/18 10:04 AM

#134748 RE: surfkast #134747

HUH???

How do you claim Depreciation with no Assets?!?!?!

1manband

04/23/18 12:22 PM

#134753 RE: surfkast #134747

We should start a new board with the most ridiculous OTCMarkets "disclosure statements" and "financials". It would be a good idea to have all that collected in one place for reference.

That one would definitely be in the Hall of Fame.

I just have to shake my head at the people who will still hold, much less buy, the stock after seeing that.

Arthur

04/23/18 6:55 PM

#134767 RE: surfkast #134747

I checked SNMN previous filings; the "Depreciation" header is just a silly mistake, it's supposed to be Loss from Operations.

What I do not understand is why they have both "Operating Expenses" and "General, selling and administrative expensive (sic)" headers. I guess an accountant would scratch his head over that one.

There are no Accounting Notes nor Discussion of the results. Shucks.

Ah, there are a Movie company. Hence the dodgy accounting.

There's at least 4 mistakes I can see in that 1-page "Financial Statement". That gives me real confidence in the company.