Third thanks goes to you, Mark for making the effort and taking the time to attend the OSC hearing yesterday.
Obviously, accounting is important in the life of all public company. Recall Enron and WCom. Thanks for your opinion that the company is above board with its application of the accounting rules. I digested the news and looked over their May 2002 financials, I conclude too that there is no hanky panky going on.
However, when a company takes over another, especially in the case with 100% control, it becomes an asset to the company. Mine, mine, ... all mine, ah haa haa haa.
With respect to writing off a liability, I also appreciate and fully understand PTK between the lines assertion of "Mom & Pop" mentality. To me this is a neutral comment, clarity and great observation on his part.
Have a great weekend! |
