GREY:LSTMF - Post by User
Comment by
ltrabson Jun 30, 2014 11:07am
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Post# 22705362
RE:RE:RE:Just Resting
RE:RE:RE:Just Restingdropzone wrote: I believe ARN must be booked at its current market value. Therefore, the loss has already been accounted for.
End Q1, Mar 31 market to market wright down to our Arcan shares was to 27 cents.
Anything over $0.27 tomorrow will show a profit in Q2, which is not a real profit, just the normal bookkeeping fiddle one gets every quarter. Real is a 50% loss.
A far larger number is usually Can$$ market to market since we have $900 million US$$ in bonds.