Replies to post #4096 on BioTech Medics Inc (BMCS)

[goodolboy]

So, they issued themselves stock. Is that what you're saying?

[jarta]

fat, ... So, the boyz at BMCS will continue to use 123 - rather than 123R (which replaced both 25 and 123 in 2006). Only prospective stock options will be reported under 123R (which requires the fair value of the options be both computed and expensed).

No big whoop - unless there is a reason to conceal the fair value of the previously-issued BMCS stock options.

http://www.icpas.org/hc-insight.aspx?id=854

Sounds like the accountatnts put their foot down and forced the note about not using 123R to be put in the BMCS financials. Nice try at spin, but the election to use the "prospective method" for previously-issued stock options should have been included long ago.