[sbj99]

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I missed the Trade Payable and Taxes Payable lines. So my idea that Trade and other Recievables might mean something is wrong since they are a wash as you point out.

The only factor you didn't mention is the amount they have earned since June 2006. So maybe with that they can cover the upcoming withdrawls. Still, it is unsettling to me that in June 2006 they did not appear to have the cash on hand to cover Player Accounts. That was not my understanding for how I thought they were suppose to be operating.

PairTheBoard

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I did miss the increase in cash that should be expected since the end of last quarter. Based on the rates of the first 6 months it would probably add about $100m (which would still leave them $100m short if my original post is at all accurate), but this might be offset with the idea that their operations might dry up overnight and still have a large chunk of the expenses. In other words they will need existing cash to survive the next few months.

This is tied to the idea that they don't currently have enough cash to cover 100% cashouts. Their business generates alot of cash (most of these companies do), so under normal circumstances they wouldn't need much cash at any given time. On the other hand, everyone was aware of the legislation risk.

I would still like some confirmation on that one item that I believe refers to customer deposits.