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Northstar Gold Signs MOU with Hunan Nonferrous Ltd. to Develop Gold Resource (click to learn more)
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Forterra Environmental Corp FEVCF

Agriculture Agricultural Inputs


GREY:FEVCF - Post by User

Forterra Environmental Corp
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Post by chainmailguyon Jun 17, 2010 12:02pm
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Post# 17198056

Re-Reading June 2 News Release

Re-Reading June 2 News ReleaseIn reviewing the June 2 news release Forterra announced that it was counting the salaries directly related to production as inventory. This inflates the inventory and decreases the expenses, a neato little accounting trick. This didn't stick out to me until yesterday. Didn't Wolrdcom do something similar in 2002?

Considering Revenue Canada has seized the accounts, I wonder how far off an audit can be?


CMG
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