If I have a company that sells toilet paper and somebody else give me 100 bugs per role. I then go and send out my quarterly statement to my investors showing a nice little profit. But afterwards that somebody comes back and want 99 bugs per role back because the price was obviously not quite right. Fair enough ... I obviously have to pay back the difference ..... if I can. If I can't I go bust. That quarterly statement that I issued is actually correct because I had received the 100 bugs per role, knowing though that I will eventually have to pay something back though, but I don't need to tell that to my investors.
Isn't that what MRX just did?
Maybe I just live a bit behind the moon and I am obviously a bit naive but if this 'accounting b..llsh..t' is legal, then is there somebody out there who'd fancy setting up a toilet paper business. But don't tell anybody ... we are going to make that 1000 bugs per role .. that will get the share price up.
MRX Price at posting:
$1.15 Sentiment: None Disclosure: Held