I have read your posts in the past , pretty much we have generally agreed .. and I must point out , as I did to an accountant today , I genuinely do have sympathy for individuals with loans , I really do .
As I said I was in for a bit myself , but a loanbook is an asset , which is held my ..in this case GTP , their Asset at the time to sell , they have sold to BEN .
This doesn't mean ==== " Oh well , thats all over "
A tax deduction ( I assume ) has been taken up front for the total invested , the loan ( no matter who holds it ) is a means of funding the investment . Now the investment , as it turns out is NOT good , well bad luck ..poor judgement , liability stands .
It just makes no sense , to think that you dont have a liability because the investment was poor , or the loanbook was onsold . People made business decisions , in this case they were not good ones ..bad luck .
GTP Price at posting:
12.0¢ Sentiment: LT Sell Disclosure: Held
