OTCPK:MEAOD - Post by User
Comment by
Margreton Dec 11, 2012 11:30am
218 Views
Post# 20712967
RE: POSITIVE
RE: POSITIVE "Issuing yourself and buddies on the board options (and pretending that they impact your cash flow HA HA, good one)"
Since when were they pretending the options impact cash flow? The options increased their loss by $700k which is a non-cash loss. That is normal required financial reporting and is required by all companies when issuing options. You make it sound like MTO is different than all other companies again when they are following normal required financial reporting. And where is the complaint about transparency. Miners normally report production numbers one month after the quarter has ended. MTO is reporting for each month during the quarter which is much more transparent than other miners. It was impossible for them to report production numbers in the past because they didn't have production.