Bak admits to false PR in court "[160] Finavera sold the project in December 2008 for total proceeds of $4,500,000. Mr Bak testified that Finavera did not make a profit despite their public statement to the market that they held one million dollars in reserve and earned $235,000 profit. He explained that this was not an accurate full picture as there were uncapitilzed costs that ought to have been booked against the project and that Finavera in fact actually lost funds, especially with this lawsuit."