QUOTE(CKC (Sense-Maker) @ Aug 22 2009, 11:38 AM)
I said so because of this. Accounting in a nut shell can involve just 2 net entries for a moribund company putting up a brave face:
Debit: Debtors (it means it goes up)
Credit: Retained Earnings (it means it goes up)
(This being a negligibly small net profit scenario)
This will continue till Debtors become too big, prompting auditor to press for provision for bad debt.
Debit: Retained Earnings (it means loss, normally big due to bad debt)
Credit: Debtors (it means it goes down due to provision or write off of bad debt)
(This being a big loss scenario)
This is the simplest trick for trading and distribution company to massage figure and control profit. Those holding on deserve to make their profit if this share goes up as well as loss if it is the other way round. It takes a lot of courage or gullibility to hang in there.
eh, thanks man. he he he wonder why they freak out about increase bad debts charge. This is good arguement for newbies.
Added on August 22, 2009, 2:57 pmQUOTE(danmooncake @ Aug 22 2009, 01:25 PM)
Amazing.. after 3 months.. this thread still going strong.
COMPUGT must be a MUST OWN stock by all LYN stock fans.
1 lot is cheaper than a meal from a restaurant. Heck, let's all buy some just for the fun of it...

Ha ha ha ha ... i guess ya chief. This counter really test your patience, guts and emotional endurance. Some of us knew it very well but still kept buying the stocks. They hate it but still become "fan" in this tread. Reading from 1st vision novice player can learn one and two...and some sifu's posting very good in terms of knowledge quality.
This post has been edited by mazda626: Aug 22 2009, 02:57 PM