Why are the TMEDS booked as equity? They are debt. When they are converted Jan 2015, additional shares will be issued to cover them. Consequently, book value will be diluted. That is debt. Equity is a secondary share offering. So, debt was issued, it was booked as equity, and the book value of this stock is not what it appears. Is it OK with the investors on this board when management distorts the accounting? Or am I missing something?
As I said in another thread as well: Debt never dilutes. Only equity dilutes. You seem confused about basic definitions. You might be in over your head here.
There's no problem with someone not being a cheerleader if they offer something that makes sense. You just seem to be grasping at random things and hoping some of it sounds bad. There have always been risks in TC, but they are priced in and then some.
Yes, your missing a brain and common sense... but your short so you have no incentive to use either. Thats your cross to bare. Yes your free to ask questions although you seem to have off the wall remarks, outdated data and answers that are far from real, so my question to you is, whats your purpose on this board?
If you have problems with the allowed accounting methods and have issues understanding stock valuations, I recommend you take that up with the feds and try and propose a change to GAAP. But if you want answers, be prepared to accept them, although its a long hard fall when gravity is applied to your thinking, Im not sure your prepared for it.