Replies to post #15670 on Allenergy Inc (fka ALRY)

[OLWALRUS]

You can't be serious!!!!

You think that I was comparing Alry to Chrysler????

What makes you think that both Larry and Rex do not anticipate that they will make millions (I anticipate that I will make a million on this stock).

If you believe that my post reinforces your point, then it is you who does not understand Generally Accepted Accounting Principles. You are still insisting that an expense should be taken in a time period that no expense existed. Just because Larry (and I) expect a monetary benefit in the future, that benefit has not yet occurred, nor is the actual amount known if it should occur. Should you and I pay Capital Gains Tax on stock we anticipate we will make a profit on in the year we buy the stock, in the year the stock goes up or in the year the stock is sold.

This is simple Accounting 101; "When does an expense become an expense and When does Income become Income".

Please, before you respond (and put more "egg on your face"), call an Accountant and verify. You sir, are incorrect in this discussion.