Post
Topic
Board Marketplace
Re: Silver Holdings Investment Fund (GLBSE:SLV) DIVIDEND ANNOUNCEMENT
by
GimmeDemBitz
on 25/09/2011, 15:52:26 UTC
http://i.imgur.com/seLC4.png

Please explain... this.

How exactly did you liquidate estimated value in order to create a dividend, which you then have listed in your cash on hand AND cost rows.  Did you know Enron did something similar?

How do you even have an estimated value of almost $11,000 when your total holdings are $321.50 on 9/23?  Is there an unrealized gain you're not accounting for?  Or is it 321 ounces of silver?

I'm guessing you sold your silver holdings, but there's no increase in cash on hand.  Unless selling the 321 oz of silver gained $7781.  But then there's no accounting for that $3000, unless silver lost ~30% of its value overnight.

You know that 4% is considered a high yielding stock dividend?  What are you basing 12,000% on?  One day of market activity?

Do you actually know how accounting works?