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Old 12-10-2014 | 05:42 PM
  #173912  
Carl Spackler's Avatar
Carl Spackler
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Joined: Apr 2008
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Originally Posted by Pineapple Guy
Nope - you obviously didn't do the homework assignment I gave you. Using cash to purchase an asset does not have any impact on PTIX. It is a balance sheet transaction, exchanging one asset (cash) for another (the 49% stake). Zero impact on PTIX.
Earnings statements and consolidated balance sheets are two different things.

Carl