Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (3465)	10/8/2000 10:34:08 AM
From: Sr K	Read Replies (1) \| Respond to of 4155

I would return the question: Why not know your facts before you accuse others? But, I am sure you know that SI and MarketGuide are not the same as "Iridium". Look at the number of "Shares Out" shown by Market Guide (was there a reverse split? If so, it was post bankruptcy). Or, look at Total Debt. It's omitted. I didn't need to check any facts to know that the company referred to as Iridium was aware of the total units outstanding and the total shares and share equivalents and the total debt outstanding and would have been extremely unlikely to have made the foolish statement you ascribe to them, which would have required balance sheet assets of at least $4.6 B (using a too conservative 155 m "shares" outstanding) plus their accumulated deficit, in excess of their known liabilities. When you claim that Iridium didn't count the debt and used less than 1/10 the number of shares to "list" its book value, it is a fabrication. "remember that accounting should have some ties to reality" You used to know how to read a balance sheet, I thought.