Replies to post #106604 on Greene Concepts Inc (INKW)

[MaddAussi]

The records show the equipment was already there. The brothers that owned it before you ran it. I’m
Not saying it was totally operational...but are you saying you put in all 3-million worth of equipment?

[MaddAussi]

Why would you, in California, buy a water plant in North Carolina if it didn’t have the equipment. As you well know - The Alkaline Water Company “WTER” put out a press release more than 10-years ago about buying this plant. They didn’t.

I don’t think you’d buy a 55,000 sq ft. Random building in McDowell County without usable equipment.

My question is, not with standing, why book it at 4,014,000?

Maybe it’s worth that but you have to book at what you paid for it am I wrong pleas correct me. This is a large stumbling block for me to invest - I know of no accountants that will book “fair value” of an asset. God knows I’ve tried but it wouldn’t pass a PCOAB audit or IRS audit for depreciation.

[StoutStock]

And how about those pricey “Line Ambassadors”. Whoooooo buddy.