Muscle Pharm Corporation (MSLPQ)

[learning curve]

DB, interesting example for avocet. I can see parts of what both of you ate saying.
Bd would you classify his cab as an assert or liability?

Imagine a cab driver.....biz is good. Lost of CASH. Wants to grow biz and buy another cab.
He buys can with cash to get better deal and write off loss....(this Not good/accurate accounting or fiscal responsibility)....
I wnondr if you or how manny others understand this?????

This is terrible move! Can owner just declared cash/hidden(now taxable) income and you can't write this off as an expenditure except for "interest".....YOu can only depreciate it.

In addition may I state I do think they were on brink of bk....that's part of why I am here.

Is a state of the art training faciility a asset or liability?