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BioExx Specialty Proteins Ltd BIXZF

"Bioexx Specialty Proteins Inc is engaged in the development and commercialization of processing technologies, for use in the extracting various active ingredients from organic and inorganic materials. The company's primary focus is on the production of proteins from canola and other oilseed feedstocks. Its products include Isolexx, a protein isolate for use in bakery products, meat products, vegetarian food products and meat analogues, and nutritional and protein bars, drinks, and supplements;


GREY:BIXZF - Post by User

Comment by DrAuditon Jan 16, 2012 9:52am
362 Views
Post# 19407221

RE: RE: Should be a good week

RE: RE: Should be a good week

https://www.amazon.ca/Trouble-Maths-Practical-Learners-Difficulties/dp/041532498X/ref=sr_1_4?ie=UTF8&qid=1326725177&sr=8-4

It should be about ten percent of a good week.  Not the promised thirty.

And this is a simple summary of  why the auditors MIGHT NOT sign off:

https://en.wikipedia.org/wiki/Going_concern

 https://knol.google.com/k/what-is-the-going-concern-concept-in-accounting#

The 'going concern' concept directs accountants to prepare financial statements on the assumption that the business is not about to go broke or be liquidated (i.e. where the business closes and sells all the assets for whatever price they can get).  So, unless there is significant evidence to the contrary, accountants will base their valuations and their reporting of financial data on the assumption that the business will remain in existence for an indefinite period. (...)

So, the 'going concern' concept assumes that the business will remain in existence long enough for all the assets of the business to be fully utilized. Utilized assets means obtaining the complete benefit from their earning potential. (...) The 'going concern' concept supports the assumption that when a business buys assets like land, equipment, and buildings, it does so with the intent that these assets will produce income over a number of years. In other words, the business did not purchase these assets with the intention to close operations soon after and then resell these assets.

The opposite view to this 'going concern' assumption is that the business will cease trading shortly and that all the assets will be sold off within the current year.

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