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good start to the day I guess
I want to help make the world a better place...
Lol i dont defend drk... I don't really care I just thought I would make sense out of what josh said.... but thumbs up to you for being so diligent... cheers
they bought a refinery... I think josh was referring to where the oil comes from and who controls the pipelines
not too worried about it... I think what's more important is that major dilution has slowed down a lot since 2010 which would make investors more comfortable... a buy back program won't likely be in place for a while but I don't see share count being an issue if we get some substantial news
gotta look at how many shares are available to market... management owns a lot of shares which they won't be unloading many of them on a run
you want them to buy back and retire shares why? the os isn't that bad
so does that mean seema does exist?
they don't think you want it to fail they think you believe it will fail
that entire post was a waste of time and completely irrelevant to what I posted... your theories have been wrong year after year... vspc will explode with revenues and pps will shoot up and we will all make money
you're wrong... there is no pellet mill or land or grass... and chang will take over the company entirely.... kick drk out and take the company private and we will all lose our money.... remember that one from a few years ago? lmao
could they be stock piling it?
if they dont like vspc they have the freedom to sell all their shares and move on...the same freedoms they had when they purchased their shares...
again like i said bad investments are not always the reason for an impairment charge...the greek economy was the reason for many impairment charges due to companies having to restructure because of it...vspc didnt lose anything physical because of the impairment charge it was simply an adjustment on the balance sheets...its still business as usual. ya you are right vspc isnt on every corner and they may not have sold out of their first shipment...but anyone investing here knows its a developing company trying to develop and market a product...thats not news to me
I brought up McDonalds to give the people of the board who don't know about impairment charges an example other than vspc so they don't think the sky is falling as some would have them believe.... lots of factors could affect the charge such as changes in market conditions from the time of a purchase till the current. the point I'm trying to get across is that it's not the end of the world at all and could be straightened out as early as next year assuming some revenues start flowing
yes McDonalds got hit with the same impairment charge except theirs was almost 100 million dollars.... and my bad I shouldn't call it a fee because it's not I think the word "charge" subconsciously makes me say it that way sorry... and yes it does depend on the firm son... you're telling me 2 different auditors would produce the exact same results as the other? if you do you have some more self educating to do
no kidding it hits the net worth the only reason the number is so glaring is because of the company's low revenues. companies as large as McDonalds pay impairment charges every year.... you going to tell me how terrible McDonalds is managed? it happens get over it the value of ipa could be 20 million next year depending on how the year goes and which firm does the valuation.
an impairment charge is just a write off... they wouldn't get "hit" with anything
if IPA generates 20 million dollars in revenue next year i guess they made a terrible investment just because there was an impairment charge right....LOL
you dont have a clue what you are talking about...the goodwill charge is not a overpayment by definition. its simply an expense charge off...mcdonalds had 99 million dollars in impairment charges...and yea i guess they are doing terrible...lol go do some reading and come reply again
an impairment charge is not necessarily due to a bad investment...the amount paid for ipa could have been based on future revenues of the company which are not taken into consideration when the impairment charge is being evaluated...try again
The actual fee will be paid via paying the NOTE, so they can keep the Goodwill on the books. It's an accounting gimmick, and if Karl had got all those huge projections right, then they wouldn't have been charged anyway. An impairment charge is proof of a bad investment.
if karl sold 500 million dollars worth of grass last year...the impairment charge would still be there because its to do specifically with ipa...not the debt or the grass or contracts or anything else...and its not an accounting gimmick...its very simple an clear
no its not what you posted...chang forgiving debt has nothing to do with the goodwill charge...its very simple...if the value of ipa on the balance sheets is higher than what the accounting firm believes we can sell it for...the impairment loss is made...thats all lol...its done this way because it makes it more difficult for companies to inflate numbers on their balance sheets...and keeps investors well informed on the real value of a company and or its assets
from kevin...."With the exception of the goodwill impairment expense of $7.3 million which was related to our Inter-Pacific Arts artwork business and its original valuation in October 2008, we show progress, year-over-year from 2010 to 2011.
all this means is the value of ipa has changed for the worse since 2008...and the accounting rules say those numbers need to reflect on your statements...it just managed to happen this year which is why such a big loss is shown...
also...impairment charges reflect against your earnings in that particular year...which is why the company showed such a large operating loss for 2011...in 2012 assuming there is no new impairment charges which there shouldnt be...the number will be much lower or hopefully a profit rather than a loss
the company doesnt actually pay anything in terms of a fee...its just called an impairment charge...the accounting firm which did the valuation valued it much less than was previously on the books...so the goodwill impairment charge was put on the books to reflect the new value of the asset(ipa). it doesnt really mean anything other than the company made a poor investment...or what was worth x amount 5 years ago...is worth x amount currently to the market...accounting rules say you have to re-evaluate your assets every so often im not sure what the exact rule is...but ipa could have been worth 15 million 5 years ago and only 5 million as of right now. i copied a little paragraph for you
"Then the goodwill must be tested (at least annually) to determine if the recorded value of the goodwill is greater than the fair value. If the fair value is less than the carrying value, the goodwill is deemed "impaired" and must be charged off."
why not...wouldnt it just carry over to next years statements?
schedule a conference call with one of them...you have the most questions of anyone on this board...you should be the guy...im sure kevin would be willing to do it
they arent in desperate need of anything...thats just what you might think...
because it's a lie... They didn't buy a pellet machine... they bought a share printing machine for further dilution
I don't think the yield is what you should be focusing on... it's the marketing... pizza pizza is one of the worst tasting pizza on the planet but it's probably the biggest chain out there because of the recognition and marketing.... I know it's not exactly the same in our case but it's a similar idea... drk might be a great scientist but I don't know if he's someone you want to discuss business with
its considered a "medium to long term debt instrument " that's all I meant lol relax captain crunch
its not that they had to wait ten years there are so many different kinds of bonds I believe a debenture is a particular kind that is honored after ten years
the important question is... why after all these failures is he still buying shares? has anyone called him or spoken to him?
wouldn't the land be collateral for the mortgage on the land? and how could the bank appraise a house that isn't even built yet lol... your story doesn't check out son... maybe you were playing monopoly
oh I thought the idea was I sell low low and cover high low...
who taught you that short sellers want a higher price? I'm glad you've learned to apply the wikipedia trading education practically
he doesnt seem like much of a salesman does he?? lol he sounds like a geeky brainer...probably why the new guy is going to be helping out?
well get your terms straight....
its considered a debenture after 10 years...you said they were approaching bankers...im not 100% sure but i dont think banks take debentures as collateral on financing...and why would they further dilute their own stock on that scale...its counter productive