RE:RE:RE:Where are the bashers?Note to the board - I am paid by the Company to provide investor relations services.
KeithORichards wrote:
Teflon2Hype wrote:"A lot was accomplished in Q3 that does not look great with accounting principles,"
Dam those accountants...Dam them all to hell !
LOL..Thank-you Joe, you just made my day.
By the way did you know that it was not a change of heart that now has the real numbers included in some of these company's press releases? Back in April-May the regulatory bodies (Another bunch of bashers) had enough of the deception that some of these companies were now practising and told them straight out there will be no more made up metrics unless you are reporting the real numbers front and centre. If a company still wants to use the phony bologna numbers in an effort to mislead people then they are still free to do so, but only as a companion after the real numbers have been presented and not as a replacement for them. So financial press releases have once again return to it's real world roots. First report the real numbers, then if there is still anyone listening to a word out of your mouth, you are free to say "Hey guys if you exclude all those nasty little expenses of running a business that are making us look so bad, then we kind of look pretty good"
I know Joe, I know. Dam those accountants and their reporting standards and dam those regulators too with all their so called "real numbers"....I say ..Dam every last one of them to hell !... Let the con artists rule!
I'm not sure what company you are referring to, T2H. By the "real numbers" can I assume you mean net loss, and by the "phony bologna numbers" metrics such as adjusted EBITDA?
Because I don't think it's Poydras you're talking about. They have reported their net loss or income numbers in every press release since becoming public, starting with the first quarter of 2014 (as the first item under Financial Results"):
"During the three months ended March 31, 2014, Poydras Specialty Finance reported a net loss of $1,132,671 or $0.02 per share on $159,776 of leasing and financing revenue. The most significant factors driving the financial results during the current period are (i) loss on valuation of the September 2013 debentures of $493,112, (ii) professional fees of $453,384, (iii) depreciation expense of $88,812, (iv) salaries of $90,000 and (v) financing costs of $98,593. The loss on valuation of the September 2013 debentures was recorded to recognize a liability for the increase in the estimated fair value of the September 2013 debentures conversion feature, which is a non-cash liability. Professional fees were incurred during the process of structuring and acquiring Great Northern, a Canadian public company target. Financing costs represent interest expense on the September 2013 debentures and equipment loans."
Nothing to do with regulatory bodies, in fact I don't know the notice that you're talking about from the regulatory bodies. Not being facetious, maybe I missed it and that is my bad. Can you please forward to me via PM?
By the way did you know that it was not a change of heart that now has the real numbers included in some of these company's press releases?
Can you please provide me an example of when Poydras excluded "real numbers" from a press release?