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Non-Tech : London Pacific Group - LPGL doubles...

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To: xcr600 who wrote (647)5/20/1999 9:36:00 PM
From: still learning  Read Replies (1) of 737
 
Re: If they haven't sold any shares, it shouldn't add to their earnings, only the book
value. Someone correct me if I'm wrong. We should earnings soon???

I'm no accountant, but this is not my understanding. I believe the concept of markingto market means you take an earnings gain/loss based on share performance. Don't know about tax allocations.
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