RE: Captor Capital late filings30 Jul 2019 10:56
RE:RE:RE:Delay In Annuals Due to Accounting For Investments
I looked over Q3 and everything there is reported as a merchant bank which it was.ie assets adjusted according to investment gains and losses.
Q3 was its first full quarter in Cannabis and in holding 100% of I5.
Clearly, revenues reported in the NR gave the impression that those revenues accrued directly to Capital But were correctly reported in the Sedar financials .
I suspect that the auditor wants all of F2018 reported as the Cost method to maintain consistency with its status as a cannabis investment bank.
This is a technical accounting delay that does not mean a row of beans to the underlying revenues.
Going Forward, its core assets are all 100 % owned , with certain acquisitions like Green Buddha not being wholly earned and may be required to be reported as the Cost method.
I suspect that Captor wants them all accounted for by the equity method where equity ownership is greater than 50%, which GB is.
Read more at https://stockhouse.com/companies/bullboard/c.cptr/captor-capital-corp#dRkYIod3FYzCRFUi.99
I just copy someone’s comment from ccc chat room , I don’t if this is the real reason tho