RE:RE:Concerns I have with ACB. also it is to my understanding that writedowns, dilutions, capital raises etc dont show on the public books until earnings come out (possibly in sync with the quarter that it happened in). If so on ACBs private books all those writedowns and impairments ACB did is BETTER than the ones we see publicly. it would be only the RETAIL investors who are looking at unadjusted numbers and INSTITUTIONAL investors are looking at adjusted numbers. given that instittions are what really control the SP, the SP now may be reflective of ACBs adjusted book. Though it still wouldnt be great it would be better than we think.
i say this because i didnt personally adjust any of ACBs numbers after the various moves they made recently and i havent seen any one that has.