Atari Reports Losses

[Shogun Gunner]

Okay, I just scratched taxi cab company off my list of companies I planned to invest in.

Honestly, if I can extrapolate and extracate something meaningful from the CharlesBHoff postings.... is the bottom line message in the postings the concept that a company can use assets, investments, losses, etc in a manner to show a financial "loss" when actually they are a solvent company? I'm willing to wager that everyone on the board knows that...

This is a debate about depreciation, asset valuation and tax loopholes???

[GhengisFarbâ„¢]

Second rule of how to make money as a French company:

2) Rename yourself to something not too Frenchy, like a game company name you acquired in a previous deal so people don't realize your the same crappy French software company you've always been.

Oops, doesn't look like rule two is working yet. Maybe they should go back and read Rule number one.

[CharlesBHoff]

Originally posted by GhengisFarb
First rule of how to make money as a French company:

1) Leave France.

First rule to make money as than French Company stay in French and knick America ass.

[mrmitchell]

They were probably trying to move away from their french company roots,

They were probably just dumbasses. I have yet to meet and verify someone who geniunely boycotted the French and kept it up. There might be Wiglaf or Fez, but they can't be verified as they are only online personalities.

In fact, if they were, thumbs down. Have they no sense of loyalty and pride to their country?

The name change was probably more attributible to "Hey look we own this brand name that made a few really cool things then went down the ****hole, why don't we use it" plus a severe lack of mental function...

Also note, "Infogrames" is IMO a hell of a much cooler name than "Atari".

[Aqualung71]

Shogun: Yeh, that's about it really! I was trying to make the point to our dear CharlesBHoff that in the real world you cannot continue to make cash profits and book losses indefinitely, if the book losses are reflecting a decline in your asset values (ie, depreciation). The only way this works is if the value of your asset is actually growing (eg, goodwill, which can be amortised but often grows in value). In his example of taxi cabs, the asset value would almost certainly decline over time, meaning that his wonderful tax free cash operating surplus would be more than offset by the need to replace the taxis after a few years.

Unfortunately however, Mr Hoff would prefer to make rash generalised claims based on his worldly experience and hearsay rather than address specific issues of detail. People like that are a dime a dozen!

[Vince278]

Originally posted by Traelin
Wowsers is it just me or is anyone having a hard time understanding Hoff's posts?

That has come up before. He's disabled.

[CharlesBHoff]

Originally posted by Thriller
Shogun: Yeh, that's about it really! I was trying to make the point to our dear CharlesBHoff that in the real world you cannot continue to make cash profits and book losses indefinitely, if the book losses are reflecting a decline in your asset values (ie, depreciation). The only way this works is if the value of your asset is actually growing (eg, goodwill, which can be amortised but often grows in value). In his example of taxi cabs, the asset value would almost certainly decline over time, meaning that his wonderful tax free cash operating surplus would be more than offset by the need to replace the taxis after a few years.

Unfortunately however, Mr Hoff would prefer to make rash generalised claims based on his worldly experience and hearsay rather than address specific issues of detail. People like that are a dime a dozen!

Also that 10 million dollar in income might be only apart of the
bussien income which they must report. I have to take than taxis home from the emergry room of the hositial at 1 AM afew time medicare paid for it which mean the taxis company bill Social Security which paid by chech. When I worked for the IRS in the 1970's we estimable 80 % to 90 % of the taxis fare are pay in cash and less than 20 % of that cash is ever reported as income . Which is why the Mafic like to own taxis companies indirectly.

[Aqualung71]

He's screwing with me, isn't he? Please, somebody tell me he's screwing with me!

This guy can't be for real. You try to have a debate and he waffles off on a tangent about some spurious irrelevant rubbish.

Oh well, can't say he's the first person like that I've ever encountered...lolol

[CharlesBHoff]

Sun Metro the public own Bus Company want to buy new buses every 3 year. There are dumb people in El Paso who are up in arm about this as they say I can keep than car for 9 year than why cann't the city keep it buses for 9 year.

The answer is very simple how many car owned drive they car 18 to 20 hour aday 7 days aweek, rain, sunshine, snow and in steep hill an mountous ares. This add up to alot of wear and tear on buses. The only car owner who come close are traveling saleman an they buy new car every year or every 2 year because of wear and tear. Taxis company have the same problen wear and tear. I never hear of than big city
taxis companies going out of bussien. In El Paso most car owner use they car 4 to 5 hour aday at most. There is no mad rush hour traffic like on long island NY where there can be traffic back up than 100 miles because of than car cash on the Express Way.

[CharlesBHoff]

[QUOTE] Originally posted by Thriller
He's screwing with me, isn't he? Please, somebody tell me he's screwing with me!

This guy can't be for real. You try to have a debate and he waffles off on a tangent about some spurious irrelevant rubbish.

Oh well, can't say he's the first person like that I've ever encountered...lolol [/QUOTE

Big Corporation rotine report loss to the government and rotine report profit to the shareholder. They use 2 differen accounting method to do this.

During WW II the Roman Church got cirr from the America military because the Church didnot smoke tocace they turn then over to the Mafic control black market an they agree to slip the money 50-50. After the War the slip was 80-20 with the Mafic getting 20 % and they where happy. It was 100 % clean money from the Church bank worth to the Mafic 100 time it value of 200 million dollar. Each bussien
and orgination have they own way of looking at it they loss
or gain money. To the Mafric clean money is worth more than drity money any time.

[Shogun Gunner]

Mr. Hoff: You seem to know a lot about the mafia....

Notice I said MR. HOFF

Whack Thriller, not me, I didn't say anything bad, I swear!

[Theseus]

Originally posted by CharlesBHoff
First rule to make money as than French Company stay in French and knick America ass.

Ah, yeah, sure.

Vivendi Universal
France Telecom
Alstom
Danone
Michelin
Pechiney

Impressive.

Not using their Commercial trait very well, I guess.

[Shogun Gunner]

@ Theseus. Maybe Religous and Agriculural for the French?

Impressive that you could pull all those French companies together. I'm underwhelmed...

[Theseus]

I actually run a task force for my firm in working with European companies with a large US presence, so I track things like this.

To their credit, French banks are doing extremely well, so maybe that is where there trait kicks in!

[CharlesBHoff]

Originally posted by Shogun Gunner
Mr. Hoff: You seem to know a lot about the mafia....

Notice I said MR. HOFF

Whack Thriller, not me, I didn't say anything bad, I swear!

I live right next door to the local Godfather, and have uncled in Mafic leadership as well as Uncled in law enforcement.
Durning WWII money tranaction and tranfer where tightly contro( some control before WWII and tight control untril 1980) to turn one billion dollar of dirtry money into clean money with 1 to 2 % of being detect as dirtry money cost the
mafic 99 % of the total money involved. Most of the money went to bride government official's, bank official's to either sign the needed forms or look the other way. So the Godfather didnot see the Pope cheating the him out of 300 million dollar of dirtry money but as the Pope giveing him 200 million dollar in 100 % clean untraceable money plus than Papal Cheching account. He kiss the Pope ring many time than enter the Sistine Chapel to say 10,000 Hail Mary.