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Microcap & Penny Stocks : BANY: Core business growth, exciting affiliations! -- Ignore unavailable to you. Want to Upgrade?

To: Scott Hudson who wrote (3194)	11/12/1998 7:54:00 PM
From: dealmakr	Respond to of 5847

Doc, In my way of thinking it should be on the books as an asset. It would be the same thing as any other company having a stock position in another. There wouldn't be any earnings atributable to it, but the hard asset value could change based on the current valuation of the stock position owned. It should be looked at as a hard asset as after a valuation has been assigned to the stock, that valuation could be looked at as cash. It could be sold,margined,used as collateral for funding or anything else that the company may decide to do with it. Book value can increase or decrease reflecting that asset valuation IMO. Dave