Tanzanian Royalty Exploration Corp. Message Board

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  • whitesands_8 whitesands_8 • Aug 9, 2011 9:12 PM Flag

    Now they're restating financial statements!

    All it is is additional information and a "revised cautionary note on forward-looking statements"...They are not restating financials.


    "The amended MD&A (available at www.sedar.com) now includes a discussion of the Company’s analysis of current quarter and year-to-date results including a comparison of results of operations and cash flows to the corresponding periods in the previous year, additional related party disclosure, discussion of significant quarterly fluctuations, additional information relating to a subsequent event note and relating to prior financings, additional information regarding internal control over financial reporting and disclosure controls and procedures, an exploration summary for the Luhala property, information concerning the Company’s changeover plan for IFRS and a related risk factor, and a revised cautionary note regarding forward-looking statements."

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    • so_much_for_the_fundamentals so_much_for_the_fundamentals • Aug 10, 2011 4:21 PM Flag

      whitesands_8, do you know the status of the "two demonstration plants from the manufacturer that will be placed on the Company's Lunguya property" which were to "be used as exploratory tools to evaluate surface gravels and the plants' effectiveness for potential clients of the manufacturer"?

      Are these the same two that the $4.8 Million Private Placement with Two European Investment Funds last Nov 5, 2010 was earmarked to purchase?

      Or perhaps the two that the $15 Million Private Placement was earmarked to purchase?

      Will the Amended and Restated MD&A For Period Ended May 31, 2011 clarify this issue?

    • so_much_for_the_fundamentals so_much_for_the_fundamentals • Aug 10, 2011 9:12 PM Flag

      Looks to me like Sinclare and company were caught playing loosey-goosey with company funds, and I suspect some investor called him out on it. Some of the numbers were changed, but conveniently, it looks like they were just shuffled between accounts.

      To imply that it is no big deal, like the US Government and complicit news that tries to put a smiley face on a terrible situation, you and your star-minion are part of the problem.

      It is high time for answers to a laundry list of questions, and some meaningful transparency.

      Would you happen to know if Tanzanians are members of the Muslim Brotherhood?

 
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