From: "SnowDog" <[EMAIL PROTECTED]> > > Craig dude - WHAT is it a balance sheet of? > > > the e-gold SP Trust? e-gold Ltd? GSR? ominpay? > > E-Gold LTD!
I wouldn't be so sure, Craig. The Examiner page really seems to be saying this: Assets of E-Gold SP Trust: 1,952,954.93 Liabilities of E-Gold SP Trust: 1,933,848.72 Therefore, any balance sheet that includes these numbers would have to be the balance sheet of E-Gold SP Trust. > They Trust just stores the gold. I don't think they have a balance sheet. Any entity that has assets has a balance sheet. The Trust has assets, liabilities, and equity (although the equity may be 0). JP's is suggesting that the balance sheet looks something like this: Assets of Trust: 1,952,954.93 Liability of Trust to e-gold account holders: 1,933,848.72 Liability of Trust to other unnamed parties: 19,106.21 Equity of Trust: 0.00 > E-Gold OWES their customers the gold they have listed as assets. Their > liabilities are less than their assets. They've fulfilled their obligations > to their customers. Essentially true. More precisely, we can say this: the liability of the Trust to e-gold account holders is less than the assets of the Trust. Therefore the Trust has fulfilled their obligations to their customers. This is provably true. Here's the proof: Assets of Trust: 1,952,954.93 Liability of Trust to e-gold account holders: 1,933,848.72 1,933,848.72 < 1,952,954.93 Q.E.D. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
