ok - watso has had a look at the accounting treatment - and this...

ok - watso has had a look at the accounting treatment - and this is how watso would have treated it

credit a SALE OF PROSPECT , with two amounts - ie $207,500, and $655,000

the corresponding debits would be $207,500 to the CASH at BANK account, and $655,000 to an INVESTMENT - LISTED SHARES

. only the $207,500 , should have been shown in the cash flow satements. yes, it does look as if the caz shares are still held - but it was not a deliberately wrong statement by watso