Agreed. Unless somebody buys with the intention of NEVER selling a stock, in their lifetime, they are flipping. And, as a small time investor, I have tripled my share count in a few short weeks by flipping. And still pocketed some of the profits.
To the question some have had regarding devaluing the assets, on a company's balance sheet, if your assets decrease your liabilities have to decrease as well. The easiest way is to expense it as depreciation, as there is no real account on the liability side to show the adjustment. Usually, they will also show the adjustment on the asset side as an allowance for depreciation, leaving the initial asset value unchanged. But this industry is a bit different than mine, and with them being a foreign corporation, that may not apply here.
GLTA tomorrow.
In case I forgot to mention it above, Always Just My Opinion
