Ann: Investment Update - MJ Life Sciences, page-6

So please explain this to me Dodgers

Below your quote from 21/9/17 at 11.28 explaining why the full year accounts were restated taking a previously recorded profit of $1.9m down to a loss of ($100K)

"The 'losses' under this accounting method relate to the company investing money into 20Four/MJLS/VAMP/SynDynamics/FSG - as none of them have reached the market yet, the money invested has not reached a point where it can be sold (listing date obviously) and thus it is written off as a loss." - Dodgers

So which is it?  You have me very confused??