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Thursday, October 12, 2006 11:53:54 AM
Posted by me--to people who were infuriated that I had pointed out that Titan had no real assets--on April 10, post #121905 on R. B.:
"[You say] I overlooked and selectively presented one number from the asset side of the balance sheet. All right, let's present every number on that side:
"Cash: $4,736
"Investment: $16,840,950
"That's it, folks, except for the total and subtotal lines. Much of what the company spent was obviously capitalized. What the market value of 'Investment' might be now is anyone's guess."
Posted to me by Montanore on April 10, post #121981 on R. B.:
"Unlike a lot of other pinks, TNOG has little debt, and yes...they DO have assets that you don't mention."
Published by Titan around May 13:
Assets: $457 (no zeros omitted)
Liabilities: $777,583
Owners' equity: -$777,126
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I wonder if "entity" and "BashNazi" constitute personal attacks? Oh, well, it really doesn't matter anyway, does it?
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