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To: Lurker who wrote (22938)8/14/1998 1:37:00 AM
From: Little Engine  Read Replies (2) | Respond to of 27968
 
Lurker, you've lost your mind. I love your logic though, LOL.

What percent chance do you think that 1996 financials come out Monday?



To: Lurker who wrote (22938)8/15/1998 12:32:00 PM
From: Sigmund  Respond to of 27968
 
<<<<< First, I postulate that Arif/Ira made up numbers that were off the real numbers by a consistant amount.

Then, if you massage my equation real well, it comes out:
Real 1997 number Real 1996 number
------------------- = -------------------
Made up 1997 number Made up 1996 number
This equals:
Real 1997 number = (Real 1996 number) X (Made up 1997 number)
------------------------------------------
Made up 1996 number
<<<<<<

This formula works if you assume real numbers and "revealed" numbers differ by a fixed percentage. Doesn't work if the difference was an absolute number i.e. a fixed number of pennies. But you can assume the fixed number of pennies is an unknown i.e. x. Then solve for x. I think you can not solve that equation because you always need one more data point than you can find unless you have an actual number to go with the revealed. For example with two data points you have three unknowns.
Real 1997 = revealed 1997 - x
Real 1996 = revealed 1996 - x

I think you will have the same problem even if you assume the difference is a fixed percentage.

So net net I don't think this exercise in logic helps estimate real earnings. Of course what has been revealed so far may in fact be the real numbers making it moot.

Is Monday the day this company and Bill present an accounting of their prior activities? Can't wait!!!