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Bullboard - Stock Discussion Forum Run of River Power Inc V.ROR

TSXV:ROR - Post Discussion

Run of River Power Inc > The Joke is on us ... a Fake takeout
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Post by nanaimo16 on May 08, 2014 11:40pm

The Joke is on us ... a Fake takeout

These projects are not AMORTIZED. This Company had not business going public. The financial structure is contrary to a public company. The fact that there is no simple AMORTIZATION makes the Company an easy take out by insiders. This is something to be aware of with these penny stocks
Comment by pennylane101 on May 09, 2014 2:26pm
The auditiors have to follow GAAP.   Are you saying the auditors cooked the books?
Comment by deeepfried1 on May 09, 2014 2:37pm
I wouldn't say cooked the books, but I believe, in my opinion, that management was not up front with shareholders ... don't know why an original copy of the skookum agreement was filed on SEDAR with all the terms and full details outlined. In one news release or MD&A they anticipated cost overrun. If they knew there was going to be a cost overrun from the getgo why the hell wasn't ...more  
Comment by deeepfried1 on May 09, 2014 2:40pm
a correction " why an original copy of the skookum agreement was filed on SEDAR" should read why an original copy of the skookum WAS NOT filed on SEDAr
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