Nordex Explosives Ltd V.NXX

So Loosey if they are doing such a good job...?

[Bean_and_Dunn]

...then, why don't they pay a dividend? 
The quick answer is that they are not very profitable. 

Then there is the bookkeeping challenges. 
Can you explain how they supposedly made $0.026 profit per share in the June 2012 quarter on $109,323 of income?
In the very next quarter they showed only $0.010 on $107,021 in income. 

That's right 3 decimal places of inaccuracy. 
Gotta love this audit committee!

Then there is the the 300,000 share options granted at $0.10 mentioned on page 11 of the
2013 Q3 CFS. 

Time for some replacements on this board of directors' audit committee, as it appears they are not even reading what they are approving.

[loosegoose]

Always room for improvement but looking at comparisons of 2013 to 2011 the company has achieved several successes and shown considerable progress. Sure there will be more ups and downs and challenges along the way. I recall the company saying that 2013 was a year for the company to position itself for profitable growth in 2014. With all of the challenges faced by the mining industry

[Bean_and_Dunn]

You never answered my questions Loosey.  Can you explain how in the second quarter of 2012 Nordex earned 2.6 cents profit on $109,323 of income when in the previous quarter and the one following they only earned 1 cent? 145,698   Q4 2012 107,021   Q3 2012 109,323   Q2 2012 113,308   Q1 2012 See page 7 of the MD&A 3rd quarter 2013. Can you explain the 300,000 share

[loosegoose]

Looked back at press releases and July 8th release states 300,000 options were issued, 150,000 at $0.50 and 150,000 at $0.75. BDO are listed as the auditors and as such trust the accounting for the options is correct.