Post
Topic
Board Announcements (Altcoins)
Re: [SYS] SYSCOIN [Unofficial] - Due to censorship & secrecy on Official thread.
by
sidhujag
on 09/04/2019, 16:17:36 UTC
@sidhujag: Not in debt? Who are you kidding? Did you even read what the BCF auditor wrote:

Quote
Emphasis of Matter
Without modifying our opinion, we draw attention to Note 1 in the consolidated financial statements, which
describes that Blockchain Foundry Inc. has incurred losses to date and has an accumulated deficit of
$11,513,340 as at September 30, 2018. These conditions, along with other matters as set forth in Note 1 in the
consolidated financial statements, indicate the existence of a material uncertainty that may cast significant
doubt about the company’s ability to continue as a going concern.

You spoke to Chris Marsh? Where has he been hiding? So the chief financial officer of BCF is saying that the official audit is wrong and you believe him? Why is his signature on it then?

Did you also ask him why Syscoin have splashed the Peermountain scammers all over their website? I mean, who the f*ck are gonna invest in a platform that partners with & advertises known scammers on their webpage?
Then again, there's no point in asking him, because according to him, he wasn't even aware of them - what does he know - he's only the chief financial officer. I doubt he could count to 12, let alone 12 million.

Ive asked him multiple times yes. We only raised $5 million how can there possibly be 11.5m of debt we didn't borrow anything. Look at the balance sheets it clearly shows assets are offsetting liabilities minus dev costs. I will ask him again and get a direct answer on that quote.

Edit: here is the response just like I thought:

"It’s a combination of Tiller’s existing losses when we took over the shell, plus our actual cash outlays plus any non cash expenses like stock option grants etc"