GRK EMP

Pk / lifesgood.You are both not wrong.Technically, the cash...

  1. PrimoTrader
    4,686 Posts.
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    01/11/12
    17:25
    Post #: 10945704
    Pk / lifesgood.

    You are both not wrong.

    Technically, the cash outlay has not occurred so the qtrly report is correct. That is, in fact, the cash on hand $3m etc.

    However, the economic reality is that $2m is already dedicated and out the door concerning a past event.

    I tend to favour the economic reality as it does mean more funds are needed to do anything worthwhile.
    OBL Price at posting: 2.8¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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