From: "SnowDog" <[EMAIL PROTECTED]> > > 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. > > I can't agree with that. The balance sheet for the Trust, (if there is > one), would HAVE to balance. The trust wouldn't have any unaccounted assets.
My wording was very careful, Craig. I said that any balance sheet that INCLUDES these numbers would have to be the balance sheet of E-Gold SP Trust. I didn't say the page WAS a balance sheet. By your standard, no company would qualify and therefore your answer (e-gold Ltd.) would also be incorrect. Also, the Examiner page clearly lists Assets OF the E-Gold Special Purpose Trust. Therefore it is reasonable to assume that the Liability column also refers to liabilities of the Trust. JP is suggesting that the balance sheet for the Trust might currently look something like this: -- BALANCE SHEET FOR E-GOLD SPECIAL PURPOSE TRUST: Assets: 1,952,954.93 Liability to e-gold account holders: 1,933,848.72 Liability to other parties: 19,106.21 Equity: 0.00 We are of course speculating as to who the "other parties" are, but nevertheless this is a possible balance sheet. JP is also suggesting that this balance sheet is in direct violation of the User Agreement. Even if this is true, it is still a possible balance sheet for the Trust. I think JP would be much happier with the following balance sheet (and it is important that JP be happy): -- BALANCE SHEET FOR E-GOLD SPECIAL PURPOSE TRUST: Assets: 1,952,954.93 Liability to e-gold account holders: 1,952,954.93 Liability to other parties: 0.00 -- where all the "other parties" have gotten off their asses and opened up e-gold accounts Equity: 0.00 I think this is a good idea, too. -- Patrick --- 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.