DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! Message Board

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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!!

DGIV 0.00

Dec 5 4:00 PM EST

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To: Secret_Agent_Man who wrote (13895)	6/17/1998 11:42:00 PM
From: ANALYST10	Read Replies (2) of 50264

Number 4: The financial statements as presented in their entirety to not conform to SEC specifications or any other specification for that matter. If you look at basic accounting and financial principals these statements are a farce with the intercompany notes receivable, transferring of rights and booking assets, etc. Its an abortion. By true liquidity ratios this company is bankrupt. Liquid current assets to current liabilities: Cash: $104,898 Income taxes payable: $98,894 Short term borrowing: $785,606 Accounts payable: $209,050 Accrued interest: $35,678 Total current debt: $1,129,228 A 1:10 ratio this is an insolvent company by any stretch of the imagination. Which brings us to another point concerning the financial statements. There is no going concern opinion issued by the auditors cautioning the reader. Wonder what college this accountant graduated from.

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