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.

Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: jhild who wrote (8140)	8/11/1998 4:31:00 PM
From: Mike P.	Respond to of 11684

gaap recognizes historical costs for the valuation of assets at the time they are acquired. hence the journal entry 50mm restricted x's whatever the price of the stock at that time equals the value of the asset at that time, for accounting purposes. this in no way tries to accurately define the actual value of the asset in question, this is what dunn is for. adjustments for the actual value of the asset will be made appropriately as events dictate, good or bad. i am wondering why they put that 'balance sheet' statement in there, could the problem with the sec be that they did not like the discrepancy between the booked asset on the balance sheet and the actual stated asset in the pr? maybe wishful thinking but i hope so, all we need is dunn, no pun intended, in that scenerio. poet.