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> "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 othe
by 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 agoStrawman strawman strawman.