Replies to post #50691 on Global Earth Energy Inc. (fka GLER)

[dragon52]

Or did you mean as of the EOY (Aug 31) for GLER?

Most of HAWK transactions and value comes after that date... which is why the acquisitions are important...

So, because HAWK is being innovative and has been acquiring assets, they are at fault for becoming bigger than what was first imagined?

Just because they could get financing and use it to their advantage, it is wrong?

I don't think so.

So what do you mean, since the 10K reflects what was done then and not now... 120 days later.

[kayakzz]

Dragon52:

I am always here to help, the quote below is from F-28 in the 10K. You should read the SEC filings very carefully!

Hawk Manufacturing, Inc.

On August 28, 2013, the Company acquired a 20% equity ownership in Hawk Manufacturing Inc., a Florida corporation. Per the agreement, the Company is required to transfer 214,027,096 shares of common stock to Hawk and Hawk is to transfer 250 shares of its common stock to the Company. The Company recorded the value of the shares owed based on the closing stock price on the agreement date, which resulted in a value of $21,403. Hawk had no material revenues or book value at the time of acquisition therefore the entire investment of $21,403 was impaired as of August 31, 2013. Hawk had no material activity from the agreement date through the balance sheet date. The shares owed were recorded to stock payable and re-classed to the derivative liability.