4 ms·

Don’t confuse assets with cash. That the company has something with a book value of £1.3M does not mean that they should be obliged to spend their rest of their

by mikl 4y ago

Don’t confuse assets with cash. That the company has something with a book value of £1.3M does not mean that they should be obliged to spend their rest of their lives maintaining mIRC for free.

deleted 4y ago
[deleted]
blibble 4y ago
> Don’t confuse assets with cash. Don't confuse fixed assets with current assets. "current assets" under English law is either cash or something that can be easily converted into cash > That the company has something with a book value of £1.3M does not mean that they should be obliged to spend their rest of their lives maintaining mIRC for free. this is a strawman
- mikl 4y ago
  > "current assets" under English law is either cash or something that can be easily converted into cash Yeah, like owning stock in another company or some other security that can be sold for cash, but not without loss. > this is a strawman So is bringing up the book value of a company when we’re talking about running costs. Sure, he could run the company at a deficit for quite a while. But I don’t think that’s a reasonable thing to demand.
  - blibble 4y ago
    > Yeah, like owning stock in another company or some other security that can be sold for cash, but not without loss. the liquidatable value is literally how you define the term "current asset" (otherwise the accounts wouldn't balance) (and if you actually go and look at his past balance sheets it's entirely cash and callable loans the company has written) > So is bringing up the book value of a company when we’re talking about running costs. while you're googling "current asset" look up "strawman" too, because this is another > Sure, he could run the company at a deficit for quite a while. But I don’t think that’s a reasonable thing to demand. and another
    - mikl 4y ago
      Strawman strawman strawman.

4 ms·

Don’t confuse assets with cash. That the company has something with a book value of £1.3M does not mean that they should be obliged to spend their rest of their

by mikl 4y ago

Don’t confuse assets with cash. That the company has something with a book value of £1.3M does not mean that they should be obliged to spend their rest of their lives maintaining mIRC for free.

deleted 4y ago
[deleted]
blibble 4y ago
> Don’t confuse assets with cash. Don't confuse fixed assets with current assets. "current assets" under English law is either cash or something that can be easily converted into cash > That the company has something with a book value of £1.3M does not mean that they should be obliged to spend their rest of their lives maintaining mIRC for free. this is a strawman
- mikl 4y ago
  > "current assets" under English law is either cash or something that can be easily converted into cash Yeah, like owning stock in another company or some other security that can be sold for cash, but not without loss. > this is a strawman So is bringing up the book value of a company when we’re talking about running costs. Sure, he could run the company at a deficit for quite a while. But I don’t think that’s a reasonable thing to demand.
  - blibble 4y ago
    > Yeah, like owning stock in another company or some other security that can be sold for cash, but not without loss. the liquidatable value is literally how you define the term "current asset" (otherwise the accounts wouldn't balance) (and if you actually go and look at his past balance sheets it's entirely cash and callable loans the company has written) > So is bringing up the book value of a company when we’re talking about running costs. while you're googling "current asset" look up "strawman" too, because this is another > Sure, he could run the company at a deficit for quite a while. But I don’t think that’s a reasonable thing to demand. and another
    - mikl 4y ago
      Strawman strawman strawman.