Ann: Eden India - Market Update, page-36

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Frank64

376 Posts.

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25/11/22

11:14

Post #: 64984699
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Originally posted by Crystaltrade: ↑

Ah, FUDsters. So FUDdy and financially illiterate.

What the Fudsters are trying to claim of EDE is called 'cooking the books'. It is illegal. It is defamatory. It is also totally ignorant of basic accounting that explains how these transactions work.

Notice how the announcement didn't put a $ figure on the order? Because that figure is only for each company's records, which must be kept. When the Consolidated quarterlies, yearlies etc are compiled, that figure will be cancelled out as it is an intracompany transfer.

Only product sold to outside the company group will make it into the financials, that's why the relevant line of the cash flow report is named "receipts from customers." It is a consolidation of all companies into 1 financial statement because for reporting compliance, a company cannot sell to itself.

So no, EDE is not 'double dipping' and this new FUDding lie they are trying to set up that EDE's sales figures are BS is just that, lying BS.

IMO DYOR GLTS

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Exactly as you have explained. It is how all Global corporations logistically import-export between their group of companies. It also then provides transparency for duties, taxes and license requirements within that country. Export commercial invoices attached to all exported goods have a value amount to those goods.

The fraudsters here have exposed themselves with this latest claim for who they really are and their obvious agenda in sabotaging a revolutionary innovative change to the concrete industry. As I have said before once Edencrete gains traction as a product it will make dozens of its competitors products obsolete and the fraudsters know it.

EDE Price at posting: 0.6¢ Sentiment: None Disclosure: Held
14 Upvote

4 Great analysis

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