Replies to post #18170 on Buzz Technologies (BZTG)

[pvlee]

Yeah it's rhino crap and fairy dust. I think it's time to sell sell sell. Just my not so honest opinion. LOL

[lowe6er]

Man, It is on the books because they have not paid it out yet. Since the date is not till Aug 31.

If you guys see I am trying my hardest to be nice but some here are lacking the most basic knowledge and info.

If common sense was so common wouldn't everyone have it?

Lowe6er

[ICCGUY]

This is hilarious!!!! Before making a post like this, you should learn the fundamentals of accounting so as to not embarrass yourself. Pleeeeese....when a company is on the hook for a cash dividend, they must establish a liability (a debt of sorts) on their balance sheet to reflect the cash payment due at a later date. When they pay out the cash dividend, the liability (debt) goes away.

have a nice day

[pennylenny]

hobogold...i was waiting to see if anyone picked up on that. if they had to borrow the money, where is the $300M they said they had in owners' equity? guess that was just rhino crap and fairy dust as well. what a surprise. it is interesting that those who are positive on the stock discount that the company has issued additional shares after they said that would be unnecessary. had to borrow money to pay a dividend when they should have millions in the bank from all they have made off their internet business. yet they have to borrow money. wonder if they purpose of the email was to make it look like they had a line of credit...though i doubt this management team is smart enough to think that way. so where is all the money the company said they had when they published their unaudited balance sheet? guess we all know now don't we.