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playerguy

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playerguy

Re: KELLYCO post# 7081

Tuesday, 10/28/2008 11:26:00 AM

Tuesday, October 28, 2008 11:26:00 AM

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A loss is not something that is funded by a loan. What accounting course did you take? If Ed sold 1,000,000 shares for $.01 it would be $10,000. That is not a debt. If he paid $6,000 out of that in expenses and had no income it is a $6,000 loss.
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