Advantego Corporation (ADGO)

[twilko]

AKVetch,
The money received for the sale of capital stock goes on the balance sheet. It is free money for the short term. It dilutes the ownership of all the owners of stock. Nothing happens to the money until it is spent, and then it depends on where the money goes as to how it is treated. It could be expensed or amortized depending on whether the money was spent on an expense or on capital equipment. Mining accounting is not different that standard gaap (generally accepted accounting principles) methodology. There are things that they can do on the balance sheet due to the nature of what their property is worth. In some ways it can help them to write off assets faster. Other than that all else remains the same. There is no magic wand to be waved here.
Terry