Ronnie, I think you need to find a better way to spend your time. The one thing that won't show up as an asset on the financials will be money borrowed through hypothecation.
What will show up as an Asset will be the bonds under management. The CFO told me that personally this week. And, in case you don't understand it, maybe you should look up Free Cash Flow, because with $3B in bonds under management, CSHD will have well over $100M annually available, as Revenue, to make investments.
It amazes me that you bashers understand so little about a business like this. Maybe if you took the time to do a little research and think about it you might be holding this stock instead of wasting your time commenting about things you can't understand.