Very Serious Accounting Question
Sorry - now I'm becoming a pain in the ass !
FOR THE ACCOUNTING PEOPLE:
It is my understanding that at one time T.ONE ( formerly O.OONE ) was trading below $1.00.
Sometime DCI bought 200,00 shares. T.ONE is now trading @ $13.00 ++. SO at what stage is DCI responsible to record this increased value in assets.
Do they have to do it annually, quarterly or at their convenience. Is the appreciated asset value only recognized when the asset ( 200k shares ) sold ?
Does anyone ( zoeb are u there ? ) know whether the 200,000 share are strictly a financial investment and/or an actual equity position ?
By the way there is some speculation that T.ONE will exceed 20 + this month. Groome Capital apparently has raised it's target to $20 from $15.
I would really like to be able to correlate what every $1 increase in market cap means to DCI !!
Thanks ! ANY answers would be appreciated !!!