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#11
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[ QUOTE ]
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 [/ QUOTE ] I addressed all of these issues in my post in the Barrons thread. There was enough money in June to cover cashouts (they woudnt havfe paid a dividend). And they have at least $100M EXTRA right now to cover ALL cashouts. EDIT: Think about this type of business. It would be very hard to bankrupt this business. It should theoretically be very nimble. Low overhead etc. |
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