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Discovery Gold Corporation Message Board

  • eight.ball63@rocketmail.com eight.ball63 Sep 21, 2012 5:04 AM Flag

    ***Bad Financial Statements***

    Read Footnote 10 which shows notes convertible into common shares at 10 cents. That conversion feature contains an embedded derivative which brings in FAS 133. When the stock is trading at 50 cents plus, the P&L hit will be substantial. This is bad mistake and huge. Watch out.

 
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