Great post energy_wave I have copied out the link
Post# of 9903
winstoncooper Tuesday, 09/24/13 02:14:15 PM
Re: EarnestDD post# 157783
Post #
157790
of 166481 Go
When SRGE/MSJ sorts out this mess with BGL, BGL will have to write-off its Exploration and Evaluation "assets" or Costs associated with Cinco Minas........OUCH!!!!!
That is going to be a bigtime hit!!!!
I see some problems with the Audited Financial Statements of BGL. When you have a company with no revenues (like our good friend BGL), you should note in the title of the statements and in the footnotes that it is a Development Stage company.....It should definitely be in the Auditors Report imo.
I do love the last sentence of Note 9: "Should the ruling be in favour of the defendant, the Company would be required to recognize an impairment charge on the property of for $9,924,305."
lmao........MSJ is the defendant........Go MSJ!!!
EarnestDD Member Level
Tuesday, September 24, 2013 2:29:47 PM
Re: winstoncooper post# 157790
Post #
157792
Since BGL will Win the case against the MSJ Scam ... BGL's auditor has correctly classified Cinco's costs.
jmo