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Otso Gold Corp. V.OTSO

Otso Gold Corp is a gold mining company. The company's only segment being acquisition and exploration of gold resource properties. Geographically, it has a presence in the Americas and Europe.


TSXV:OTSO - Post by User

Comment by QuantumPhysicson Dec 07, 2021 7:18am
175 Views
Post# 34205252

RE:Court Hearing and Raahen Seutu Article: Quick Translation

RE:Court Hearing and Raahen Seutu Article: Quick TranslationVery well translated. In my view the debt levels mentioned are highly exagerrated but I guess printed announcements have to follow what appears in formal documents be it agreements or financial statements. Without risking the complexity for the sake of simplicity, a lot could come out at this exagerration of debt levels by applying technical forensics to A. Details of how 17M flowed out of OTSO OY between FY2018-FY2019 And B. Details of how USD22M (17M by Brunswick and 5M by some debt investor before brunswick ) flowed out of OTSO OY in FY201 . A sincere and honest forensic answer to A & B will clearly give u the answer to exagerration. A&B will also answer to what extent USD34M has been burnt unethically at the cost of dilution towards shareholders with negative shareholder returns. The source of the problem is how the moneys have flowed out of OY coz OTSO Canada accounting is simply a consolidated overview of what happens at the source. The source is OY. Disgraceful stuff. But credit to brunswick to fight for their rights. This had to start somewhere.
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