Craig, (snip) But you couldn't do that and list the liabilities of E-Gold LTD. E-Gold LTD > cannot have a liability to itself. > What we're seeing is an itemized > list of the Assets of E-Gold LTD, and their Liabilities. No matter how you > look at it, they have MORE assets than liabilities. (end snip)
I am confused...they cannot have a liability...yet they are displaying an itemized list of assets AND liabilities. Even if they have more assets than liabilities, by your own statement, I thought they CANNOT have liabilities. OR...did I miss something in your explanation as to why this statement makes sense thought contradicting itself??? Eric ----- Original Message ----- From: "SnowDog" <[EMAIL PROTECTED]> To: "e-gold Discussion" <[EMAIL PROTECTED]> Sent: Tuesday, June 04, 2002 9:19 AM Subject: [e-gold-list] Re: [dgc.chat] gold assets > > *** CONCESSION **** > > > > You know, it seems like the Trust could easily avoid this whole issue by > > simply holding these "other" liabilities IN E-GOLD ACCOUNTS. Just take > the > > 19,106.21 gg and divvy it up into some new accounts. Boom! Assets = > > Liabilities to e-gold account holders. > > But you couldn't do that and list the liabilities of E-Gold LTD. E-Gold LTD > cannot have a liability to itself. What people seem to be saying is that > they want to see the Left Side equal the Right Side. However, the ONLY way > the left side could equal the right side is if the balance sheet was showing > the assets of the Trust, and the Total amount of gold in circulation. This, > however, is NOT what's being presented. What we're seeing is an itemized > list of the Assets of E-Gold LTD, and their Liabilities. No matter how you > look at it, they have MORE assets than liabilities. Most people would think > this is a good thing, but everyone seems to want it to balance, and it just > won't as long as we're talking about E-Gold LTD. This is the way it should > be. It's quite normal. > > Craig > > > > --- > You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] > 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. > --- 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.
