Originally Posted by
Coffeepilot1
I believe it has to do with JV write offs. All of our JV’s are bankrupt.
How are all ours BK and none of any of theirs are?
And even then its just a paper write off of speculative book value, albeit real cash we did light on fire, but we still have the JV's despite the "loss" of money we already flushed down the drain. Its not like we were going to pump and dump their stocks and flip for mad cash as soon as their 200 day moving averages hit the golden cross etc. Every penny we "lost" was already flushed and the JV's we got for that money are intact, right?