Post by
bohemian61 on Sep 08, 2019 11:55pm
WRONG ABOUT THE MACHINES GOING BACK TO AB MINING !!
There are no machines to be given back to AB MINING to settle the lawsuit . During the year ended April 30, 2019, the Company entered into a settlement agreement with a vendor whereby the Company transferred cryptocurrency mining machines with a net book value of $26,096,075 to the vendor in exchange for settlement of an aggregate amount of $1,013,659 accounts payable due to the vendor. This settlement resulted in a loss of $25,082,416, which is included in the results of discontinued operations (Note 10). Due to the Company’s decision to exit the Cryptocurrency mining business, the remaining netbook value of the cryptomining equipment was fully impaired. This impairment charge is included in the results of discontinued operations . AB MINING ans PLAYBOY lawsuits willbe the final nails in the FORK GLOBAL GAMING coffins . Both companies will have the right to sieze assets of FORK and GGAM that will force bancruptcy .while GOURAN and Van der Lynde have payed themselves handsomely . The FUN is just getting started !!