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Microcap & Penny Stocks : Zia Sun(zsun)

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To: Francois Goelo who wrote (3318)7/9/1999 5:26:00 PM
From: StockDung  Read Replies (1) of 10354
 
NOTE 3 - OTHER ASSETS | Other assets consisted of the following at December 31, 1998:

Memberships in country clubs $ 142,857
Prepaid rental deposits 25,583
Mortgage note receivable 250,000
Common stock held to maturity 857,143

$1,275,583

Could someone explain what "Common stock held to maturity" is? I have asked several Accountants and Wall Street pro's. It must be the price of the stock at the end of the stock rig? Franschwa, could you help me with this one? Memberships in Country clubs was a good one. I wonder if Deloite and Touche LLP use the Country Club form of accounting?

Truthseeker

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