TSX:MPCT.DB - Post by User
Comment by
Predator2018on Oct 07, 2024 2:07pm
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Post# 36256487
RE:RE:RE:RE:Masked $1.3 Billion Debt BOMB hidden under Equity Accounted
RE:RE:RE:RE:Masked $1.3 Billion Debt BOMB hidden under Equity Accounted Maybe this is how developers report EAI but it is not right.
Basically, the Net Asset of the EAI is carried over to the Balance Sheet thereby masking the huge risk that the realized asset value may be below the reported value. The best approach and more transparent approach would be to report all the debt in the balace sheet and not the Net Asset of the EAI.