Replies to post #7854 on Aurora Acquisition Corp (AURC)

[bige2533]

The only one telling us we have $4B in debt is the company that produced the unaudited financials.

[sometimes_right]

airdale1-Notice it is ALWAYS the same posters spreading DOUBTS and trying to feed the flames of investor disillusionment???

Well... let me take that back... the SAME long-time posters coupled with newbies sqawking complaints & doubts!

VERY disgusting "trading" tatics in my opinion!

[rookinvestor]

AIRDALE......my last post, THANKS!!!!! I'm out until tomorrow.........

[bige2533]

Go ahead and break it down into T-accounts for us...

AURC booked the assets of $4B. What was the consideration? Was it cash? No, because they didn't pay for the rights to mine the ore up front. That's where the debt comes into play. My opinion is they booked the LT debt which is the 10 year licenses to mine the ore from all the sights.

[amrca]

thats why I said ... its a balance sheeet ... people did not get it