Huntington National Bank controls about .50/share of previously accumulated depreciated property, plant, and equipment that doesn't count in the previous over .22/share of shareholder equity from 10-31-09 ending quarter...
10-31-09 balance sheet items showed about...
$11,803,000 ... property, plant, and equipment
-10,689,000 ... less: accumulated depreciation
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
$ 1,114,000 ... net property, plant, and equipment
about $4,727,000 shareholder equity
Huntington National Bank needs to be getting the fair daily rental value of all equipment the company had for shareholders or shareholders may need to get a receiver to call upon them...
Nobody gives away equipment or rents it cheap whether the economy is good or bad...
That is good post on recent company developments...LJ
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