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Infromthecold

04/19/10 12:05 AM

#13763 RE: game7alcs #13762

As I've posted a few times before on Yahoo bd etc, these "investments" are probably worthless and may end up being the source of the greatest writeoffs. We can only hope writeoffs are limited to this.
It beggars the imagination to believe Rosario, for instance, is worth more than $36MM when no one seems to even be able to find them!
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grampie

04/19/10 2:07 AM

#13764 RE: game7alcs #13762

Basically, these all related entity, but not reported as such (perhaps they didn't have to, due to technicalities of ownership). So it's possible that they're trading each other stock, and using the value of that stock as assets and perhaps as licensing revenues. If so, that would be, well, fraudulent.