Replies to post #273547 on Green Energy Enterprises Inc. (GYOG)

[Porgie Tirebiter]

Well, only the ones who would actually complete a private certificate. The wash-out rate is pretty high. A lot of people never take it past the solo stage. And a lot of people who eventually settle for the private may stretch it over a considerable period.

The future airline pilots who's parents can afford to finance it are going to accredited university programs where they can come out with a Bachelor's Degree in addition to the pilot's tickets.

[Porgie Tirebiter]

The proper way to treat those up-front deposits would be as an "Other Current Liability" and we do see that as $69,452 on the last balance sheet. Assuming that all of that is pre-paid flight, we can fathom out how many "active students" that would translate out to.

One thing to note, is that number is about double current assets. So the cash is not being held in trust, it's being used to pay for day to day operations. Quasar owes the students more money than it has in liquid assets. If Quasar needed to refund student money, they would be forced to sell assets.