big profits coming , page-31

Just some facts on this company

Fact 1) Cashflow from operations in the last 18 months MINUS $7,8M

Fact 2) In 2012 accounts “remeasurement gains on existing subsidiary $4,739,031 booked to the profit line.

Fact 3) In 2012 accounts “gain on sale of purchase of subsidiary” was $7,611,512, so they booked $7M to the P & L and $5m to the Balance sheet on purchase!!!!!.

Fact 4) The above is not GAAP (generally accepted accounting principals)

Fact 5) $5M loan note is due in january 2014!!!!!!!!!!!!!!!!!!!!!!