TSXV:EAST.H - Post by User
Post by
OneTwoOneTwoon Dec 29, 2020 6:02pm
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Post# 32193962
Shady accounting for $678 net profit
Shady accounting for $678 net profitEAST knows how to scam like a pro. The hand santitizer play sure payed off. $678 net profit to siphon $25K from one Co to another. Rod continues to dig EAST deeper. Times up. lol
These consolidated financial statements have been prepared on the basis of accounting principles applicable to a going concern which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business rather than through a process of forced liquidation. However, the Company had not yet achieved profitable operations. For the year ended July 31, 2020, the Company incurred a net loss of $1,132,159 (2019 $3,649,066) and had an accumulated deficit of $9,316,556 (2019 $8,184,397) and expects to incur further losses in the development of its business, all of which casts significant doubt about the Company’s ability to continue as a going concern.