2/12/2023 0 Comments In retrospect it was inevitableHowever, this “Last Will and Testament” (it appeared precisely under that title) bore in its printed form little resemblance to what I had written. That was not difficult to arrange, since at the time I was editor of the Harrisonian. The first that I remember writing, somewhat prematurely it seems, since I was not yet at the end of my third seven-year span, actually achieved publication. If I composed such testaments, mentally or on paper, at the ages of seven and fourteen, I do not remember them. What he finds himself doing is selecting from among the experiences of that period those that he will preserve into the next, and into all subsequent periods. On the other occasions we are the inheritors, as anyone knows who has actually set pen to paper to record, at its end, a period of his life. It is, of course, an idle arrogance, since only once do we have anything to bequeath, if even then. Others would argue, even more daring would be not taking this step, at the time being.We compose many last wills and testaments during our lifetime, an average of ten, if we are to accept the popular proposition that one begins a new life every seven years. As we currently intend to hold these assets long-term, these charges may negatively impact our profitability in the periods in which such impairments occur even if the overall market values of these assets increase".Ĭertainly a courageous move, most would think and are arguing right now. Accordingly, any decrease in their fair values below our carrying values for such assets at any time subsequent to their acquisition will require us to recognize impairment charges, whereas we may make no upward revisions for any market price increases until a sale. Digital assets are considered indefinite-lived intangible assets under applicable accounting rules. Moreover, we expect to begin accepting bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis, which we may or may not liquidate upon receipt. Thereafter, we invested an aggregate $1.50 billion in bitcoin under this policy. As part of the policy, we may invest a portion of such cash in certain specified alternative reserve assets. "In January 2021, we updated our investment policy to provide us with more flexibility to further diversify and maximize returns on our cash that is not required to maintain adequate operating liquidity. What do we actually find about the issue under examination ? At page 33 of such report we find the following statement: Operating Expense Trends (the latter paragraph following the one on Cash Flow and Capital Expenditure Trends). Management Opportunities, Challenges and Risks and 2021 Outlook MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Zooming a little bit into the actual official document: has just submitted its Annual Report (form 10-K for 2020, due in force of the 1934 Securities Exchange Act) to the SEC (United States Securities and Exchange Commission). Let's now talk hard facts, and why this 1.5 BLN BTC investment by Tesla came officially out yesterday.Īs you may have read in the last couple of hours, Tesla Inc. This already had an impact, of course, sentiment wise, within the crypto community.Įlon had also twitted, couple of days ago, the famous-in-the-(crypto)-space phrase: "In retrospect, it was inevitable". Everyone within the crypto space knows that Elon Musk, considered the wealthiest person on Earth right now, has been quite eloquent lately on his Twitter account about bitcoin, adding the bitcoin hashtag for a while to his own profile.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |