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Thursday, July 21, 2022 10:54:36 AM
Your earlier post claimed that John created "monopoly money" with booking $100M of virtual land.
Yet now;
since the sale price for that virtual plot was $1.8M, it is true that on paper that is a $1.2M 'profit,
I'll agree with you that I too was skeptical about how this was booked until I reviewed it with the team in LV. While I'm not going to discuss how the deal was created and booked, I can tell you that an independent accounting firm, as well as legal counsel was brought in to review the booking.
Are you so sure about that?
If the market for those plots crashes, it won't matter that Whitman 'booked' their arbitrarily set retail values as income to the company; he'll have to 'unbook' those numbers; plus he'll be on the hook for the $600,000 for each, which will include obligatory dividends.
What makes you think that John didn't have the foresight to consider TCG may not perform and in turn create a back door, (wink, wink)
Keep in mind, the alpha test just launched with a "number" of players still needing to prove themselves.
If you have been following my posts, this stock is going to get multiple entry points as John proves himself. At the moment, longs can appreciate that you have a CEO that created the stock to roll it into REAL money to operate and grow the company.
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