WE DO NOT HAVE $4 BILLION DOLLARS IN DEBT.
Accounting is set up on a two sided principle, debits and credits. It is a system created to imbue accuracy. Both sides must always balance, always. If you post a debit such as $4,000.000,000 in metal reserves, you must post a credits on the other side that total up to that same $4,000,000,000. This does not mean those are all debts,it is simply a balance to obtain accuracy.
How far are we in debt?
SHORT and LONG TERM DEBT IS $1.5 MILLION DOLLARS. We also have almost $15 million dollars in Accounts Payable, money we owe for services rendered. THOSE ARE OUR DEBTS, PERIOD. This is a very solvent company.
Shareholders Equity is also part of our debt. That simply means shares that is outstanding (103,000,000 or whatever it is) times .34 or wherever our current price lies is part of the liability section. It does not mean we are part of the debt. The assets are owned by us.
Stop believing those who are lying in telling you we have $4 billion in debt.
Airdale
This post is an opinion and should not be considered reason to buy or sell any security, or to besmirch, belittle or berate any person, religion, cult, creed, race, sex, political party, company or company representative of any age or appearance.
AI
