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Bullboard - Stock Discussion Forum Letho Resources Corp V.LET.H

Letho Resources Corp is an oil and gas exploration company that engages in the acquisition, exploration, and development of oil and gas properties. It holds mineral interests in the Porcupine Division at Whitney Ontario.

TSXV:LET.H - Post Discussion

Letho Resources Corp > no cash, imaginary $5 million
View:
Post by G0DFATHER on Jul 10, 2014 12:33pm

no cash, imaginary $5 million

outrageous news release!  March statements show a net cash of  -$8000!
March 31, December 31, 
 2014 2013 
$ $ 
 
ASSETS 
 
Current assets 
Cash 66,835 20,741 
Receivables 2,283 2,114 
Prepaid expenses 3,900 1,371 
 73,018 24,226 
 
Exploration and evaluation assets (Note 4) 174,609 174,609 
 
 247,627 198,835 
 
 
LIABILITIES AND SHAREHOLDERS' EQUITY 
 
Current liabilities 
Accounts payable and accrued liabilities (Note 6) 81,851 65,352
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