GREY:MYMMF - Post by User
Comment by
WeeblesWobbleon Dec 03, 2018 6:20pm
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Post# 29057395
RE:RE:RE:RE:RE:RE:RE:MYM Announces $25,000,000 CDN Equity Investment
RE:RE:RE:RE:RE:RE:RE:MYM Announces $25,000,000 CDN Equity InvestmentJerbot, dude. I'm a CPA. You can't "cook the books" using a forward split. Why? Because your share capital (expressed in $'s) doesn't change. Only the number of issued and o/s shares changes. Similarly, you can't cook the books with a reverse split. Why? Same reason as a forward split. No professional judgement to be applied.
Unlike, DD&A. If you're going to cook something, easiest place is DD&A. Just ask WorldCom. They capitalized current expenses and deducted depreciation instead. Result? Artificially inflated profits. BTW, MYM has no profits to inflate.
Devil's Advocate (ie: lawyer) should get some introductory accounting training.