Dynamic Technologies Group Inc - Class A ERILF

RE:RE:perspective

[billy4325]

mjh9413 wrote: there is nothing in financials regarding TMT as no contract but there must be deferred costs...who knows.
Then there was defferred assets positively impacting net profit as well as $400K forex gain vs loss of similar amount last year. The $22MM fabrication contract has run off and no word of new business and they talk of headwinds regarding costs on new generation media-based construction as they go through learning process...so sp action is hardly surprising.
Just wish they wud consolidate shares and get broader and instituton interest as they raamp up media and potentially TMT work opps.

I don't see any deferred costs set up a assets, I think they would have had to expense any costs incurred since they didn't even know if the funding for the telescope was approved.

With regards to f/x, it's a $409 gain vs. $594 gain last year.  However the loss due to the hedging more than offsets the gain ($1,212 and in 2013 it was $395).

The recognition of the deferred tax asset is pretty big though, without it (assuming a normal tax rate), net income would have been about half of what it was for the year.