Hunt Gold Corporation (HGLC)

[AU-SLV]

writing off an asset does not mean disposing of it- it is an allowable accounting manuever. for example- i still have my printer, new software, etc. but have "written it off" as a loss- which i am allowed to do- but it does not mean i have disposed of it.the more profits a company makes- the more write offs they look for. BP just "wrote off" this recovery efforts loss- which will tremendously "offset" their record breaking profits. i, for one- view it as a smart move by FFGO- in anticipation of enormous profits to be realized very shortly. by the way- these "write offs" are still there- just not on the + side of the asset column- such as a vehicle- it now is actually a negative asset.
if they had wished to dispose of hglc- they would have sold all shares on the greys and THEN written off the difference. they have hung onto these stocks in their portfolio for a reason.
hope this helps :)