Replies to post #2137 on Fortem Resources Inc fka FTMR

[236T568]

Do you have any idea what a significant write-down of assets does to the Balance Sheet and Income Statement of a company?

destroys them

massive losses and significant drop in the Shareholders Equity of the company, sometimes putting the S/E into the negative

How significant or impactful are these accounting issues?


I'm not an accountant, so this is just my best guess. I believe this is a whole lot to do about nothing. According to the earlier press release, the company believes it will have the filings corrected and refiled before August 9, 2019