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So i am not a finance major but where are netellers funds? And how did they seize them again?
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most are probably illiquid right now and laddered in investments
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Please give some basis for this assertion. Hint, you might want to first read their financial statements:
http://investors.neteller.com/netell...AL11sep062.pdf
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"Hint" I've already seen them.
Only 20% of their total assets are liquid, can you see that?
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How would you define cash and cash equivalents? Illiquid?
Idiot
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Wow, you do realize the majority of this # is made up of t-bills and marketable securities, right?
In reality, we don't know what % of the CCE is actually cash and what % is tied up, so no reason to argue.
[/ QUOTE ]Tied up? How long do you think it takes to liquidate those? Hours at most.
You know not of what you speak.