secwatch.observer — SEC 8-K summary
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Issuer:     Investview, Inc. (INVU)
CIK:        0000862651
Form:       8-K
Filed at:   2022-05-20T23:59:59+00:00
Accession:  0001493152-22-014620
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Investview restates Q3 2021 financials; $52M charge turns $17M profit into $29M loss
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- Board concludes previously issued Q3 2021 financials should no longer be relied upon due to accounting error for MPower acquisition.
- Originally reported net income of $17.1M; restated to net loss of $29.2M after $51.6M non-cash charge.
- Charge stems from value imbalance between units issued to MPower and appraised value of acquired MPower assets.
- Non-cash charge had no impact on cash flow or liquidity, but restatement may affect OTCQB listing compliance.
- Auditor M&K concurred with the restatement; letter filed as Exhibit 7.01.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/862651/000149315222014620/0001493152-22-014620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/862651/000149315222014620/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-014620

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