Zero understanding of how any business model works in build out phase. This post is almost as embarrassing as Balance in general.
Of course there will be cash flow defecits, do we really want them purely using retained earnings?
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Is anyone able to explain to me why the deferred management fee is listed under liabilities on the balance sheet? I thought it would be listed as an asset since I believe it is accrued income. I think I'm missing something here...
Edit: Nevermind I think it's income in advance, sorry!
To the doubters out there, can you tell me what is wrong with an investment that costs .78c a unit that will be $1.10 per unit in twelve months time and multiples thereafter. Plus they pay you a divie along the way.
Mate I'm not going to explain it to you if you can't be bothered doing some basic work.
I have posted extensively on this topic and compared it to insurance float (this is better).
It's got nothing to do with my opinion, it's factual how these float generating businesses work.
This is how Berkshire grew to a trillion dollar company.