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Atlas Financial Holdings, Inc V.AFH



TSXV:AFH - Post by User

Comment by Organicdarton Jul 03, 2001 9:03pm
83 Views
Post# 3947973

ORGANIC. SO WHAT???CONSOLIDATED FINANCIALS?!

ORGANIC. SO WHAT???CONSOLIDATED FINANCIALS?!yOU ARE RIGHT IN THAT ACC MUST PREPARED CONOLIDATED FINANCIALS ACCOIDING TO GAAP UNDER THE EQUITY METHOD, AND THIS MUST BE DONT, SAY WHEN ACC GOES TO GET A BANK LOAN. BUT NOT FOR INCOME TAX PURPOSES. BUT SOOOOO WHAT??? THERE IS NO "BILATERAL" ROGHTS CONFERED OR SHARING OF INCOME. THE SHAREHOLDERS OF AFH HAVE "NO" OWNERSHIP OR CLAIM OF ACC WHATSOEVER. YOU ARE ONE "ARDANT FOOL" AND YOU KNOW JACK ABOUT CONSOLIDATIONS AND WHAT THEY MEAN OR WHY THEY COME ABOUT WHEN ONE COMPANY CONTROLS ANOTHER IN CANADA (INT HE STATES THEY "POOL"...THATS WHY IN CANADA WE GET GOODWILL WHEN THE PURCHASE PRICE DISCREPANCY IS MORE THAN FMV OF THE ASSETS MINUS LIBALITIES. GO BACK TO SCHOOL YOUR SHOWING YOUR IGNORANCE "LOUD AND CLEAR".
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