Originally Posted by
georgetg
Bar I saw that also, I'm not sure about the implications of using the cash reserves to reduce adjusted debt, IOW is this an accounting adjustment, or is this a way of massaging then numbers for some type of upcoming investment opportunity?
Cheers
George
Great question. Considering (as I understand it) a lot of our cash is borrowed/lines of credit.
Ferd <--------solid C accounting student back in the day