Freeport-McMoRan (FCX)

[eddy2]

Liabilities has exceeded assets. The new math applies.

Treasury stock equals twenty percent of all debt plus owed plus the share holders deficit “ share holders portion of the accounts receivables.

Liabilities = all of the above mentioned

Liabilities minus assets equals share holders deficit

Market capitalization should reflect the above risks of issued credit being paid back to the company to cancel the debt and return the collateral to the shareholders cancelling the deficit and paying back the tax’s owed to the government.

Look out below as new derivative positions are bought and sold on credit increasing the risk “ liability on the books”. This increased risk is often associated in softer markets with less demand as speculators take up the slake and volatility in the market.