Question from a shareholderHi all,
I received a couple questions from a shareholder that maybe one of the accounting aficionados on this Stockhouse board can answer, as I dont know
Hi Brownie thanks for the post In the December 31,18 financials it was reported - cash and cash equivalents around the same time the Rights Offering closed. A large decommissioning liability was also announced at the same time. Are all these things somehow related as it is very strange Karnalyte would report a $2 million decommissioning liability due in 2038, when nothing substantial has been done on the Wynyard site for years, and the close of a $2.3 million rights offering in the same quarter.
How did GSFC pay for the shares in the r/o?
Could a Promissory Note from a third party, be reported as a cash equivalent on a corporation’s books?
tia