Deferred exploration expense of $3 million is on the asset side of the balance sheet. This money/expense that has been given/paid to another company for future services. Now who that company or companies may be, who knows. Maybe SHELL CORP Inc.
With 4-5 months of Cash left on the books for XTT, bankruptcy is looming. If XTT is not able to collect this 3 million dollars that they ¨shelled¨out, then it becomes an UNCOLLECTIBLE ASSET on the balance sheet during Chapter 11 filings.
LOOKFORALIFE, I am going to start invoicing you for my time.
You made money on XTT lmao????? Only one making money is on the short side. And based on average volume not much money at all.
Go back under FMF´s desk where you belong.
4 more months and all you will be posting is ¨Tabernak!¨