Replies to post #46714 on Players Network Inc. (fka PNTV)

[lesgetrich]

Brett's not an accountant. The deal for Salinas closed on May 24, 2018. As of that date, PNTV owned the Salinas property and all revenues from the property would need to be reported from that day forward. The uncertainty in accounting comes from the fact that the sales agreement reportedly called for all revenues from May to be included in the sale. How that's treated from an accounting standpoint would be open to question. May might just be booked as a lump sum of May profit from 5/1 thru 5/24/18 that's returned to PNTV. In my opinion, there is no justifiable accounting reason for not including June unless they just physically couldn't get it done and simply post incomplete financials with a footnote that an amendment will be filed later with the June results. I'm not sure that they could or would do this now that the financials are late anyway.