--- In FairfieldLife@yahoogroups.com, jyouells2000 <[EMAIL PROTECTED]> wrote: > --- In FairfieldLife@yahoogroups.com, "Bob Brigante" <[EMAIL PROTECTED]> > wrote: > > --- In FairfieldLife@yahoogroups.com, jyouells2000 <[EMAIL PROTECTED]> > > wrote: > > <SNIP> > > > > > I'm beginning to wonder if the $336 million loss (see posted tax > > > returns) is motivating this last extraction of funds before the > > final > > > pullout to India and points east (naw, that's too conspiratorial) > > > > > > JohnY > > > > ******** > > > > The "loss" you are referring to was not a loss except on paper. > > Hartnett gave stock in the privately-held Globalink to Maharishi > > Global Development, and assigned an arbitrary and absurdly large > > value to that stock (since it was not a publicly-traded stock, he > > could assign any value to it). When Globalink went out of business > > http://geocities.com/bbrigante/big.html , MGD could no longer list > > the stock, and so the paper showed a minus figure for that year, but > > it was not a real loss any more than it was a real gain at any time, > > and since non-profits don't pay federal tax, it had no impact one way > > or the other. > > Thanks for that info, Bob - clears that up. > Could MDG use the paper value of that stock as some kind of collateral > for borrowing other money? > > JohnY
******* It would be hard to imagine any lender falling for a ploy like that, so I doubt it. Banks usually want real collateral or other guarantees, and neither inflated stock nor raams are going to cut it. To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
