Replies to post #2634 on DD Support Board and Research Team

[Slojab]

Not sure. But it's got a funny smell to it.

Check my latest posts.

This is actually turning out to be interesting. This Frank guy who runs the fund is a holy roller and he has enemies, apparently.

I found this blog and it mentions him a few times. These documents are crazy, though and can't make out what they're about.

Ever hear of Estrategia Invetimentos?

http://lambertwatch.blogspot.com/2010/12/frank-ekejija-and-return-of-nvc.html

[janice shell]

Those look like SERIOUSLY unaudited financials...

[PLAYER ONE]

ND The assets (Goodwill) will be impaired down to zero as they elude to but not specifically stated. Notice it is also not stated as a real asset.People not familiar with SEC accounting might bite. Joke.

[1manband]

Wow - where do you start? Those financial statements have to be a joke. They are really not compliant with anything. I don't even have to see a property report to know those "Proven Reserves" are clearly not in compliance with SEC Industry Guide 7, nor is that valuation in compliance with GAAP. They need to not only review Industry Guide 7 but also the meaning of "goodwill" and "intangibles". My guess is the person who assembled those "financial statements" (and I use the term very loosely) has absolutely no knowledge of accounting whatsoever. They probably copied most of the framework from some other company and just inserted their own numbers.

This is another great example of why no one seriously trusts Pink Sheet companies. Much of what is posted by companies over at OTC Markets is less than truthful. Many of those "unaudited financials" are complete jokes, and are in no way applicable to GAAP.

[Slojab]

Just an FYI on BYRG. It seems a group is working on reviving the ticker. There's noting to find on the internet as to a reason. iHubbers have latched onto the word rhodium though for some reason.