Hey Eric! Welcome to the argument from hell! :)
> What we're seeing is an itemized > > list of the Assets of E-Gold LTD, and their Liabilities. No matter how you > > look at it, they have MORE assets than liabilities. > (end snip) E-Gold LTD has a liability to their customers for the e-gold in their accounts. In the past, E-Gold has told us that they have no liabilities and no bank accounts. However, it's obvious that they owe us the gold. They can't escape that liability, and that's not what they intended to say. Here's something else, too. Let's say that they DID create a sheet showing two columns: one showing the total amount of gold in the Trust; and the other one showing a balanced list of all the e-gold in all the accounts. Is this what you want? NO! This wouldn't tell us anything about their stability, IF E-Gold LTD had other liabilities which could conceivably, (in a court of law), draw a claim on the gold in the Trust. They're doing it the right way. They're showing us that they have MORE THAN ENOUGH gold to cover their liabilities to their customers. Craig --- You are currently subscribed to e-gold-list as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
