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Ann: Emerge to Launch Game Streaming with MTN, page-103

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  1. 2,623 Posts.
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    That's not how accrual accounting works, your reasoning is flawed and it's staggering that you can't fathom why it's flawed and are digging down while demonstrating you have NFI what's going on with the company you trusted with your money.

    The transaction of the asset is not complete therefore it won't be recognised in EM1's books until it's formally finalised.

    This isn't just getting inventory on credit and then paying off your creditors, Will's screenshots of EM1's own announcements showed that the transaction won't be completed for 12 MONTHS and the payments (assuming that they are honored, which is a huge if given we're dealing with a European ponzi scheme organisation who's also poaching the company's director and his knowledge of the operation in a few weeks) will only show up once each installment ticks off on the calendar year as expected.

    You do NOT recognise the full $5m in the books in a way that flies against the terms of the unfulfilled agreement. Even when accounting for accruals.

    Bloody hell. Stop making unsubstantiated ramps trying to pass off dangerously inaccurate and completely misleading advice. Clearly the majority of people no better to have sold this company down into oblivion. You are not the one person who can see something the word can't. It's the complete opposite.
 
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