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themselves today Im going to talk about how can you cash in a hundred thousand dollar promise every note so this is democracy and I want to talk about uh Genesis creditors commissary no claim as possible so uh basically um this company uh Genesis a debt theres a lot of people who dont know that they can do that with a promissory note and uh they use the general accounting principles to do this so Im going to read up on on this little piece right here Thursday Genesis Global Capital labeled a 1.1 billion so you see what they did is that company um is obviously the maker of the note and Genesis uh Capital accepted to know the value right on the space when they accepted it as an asset on the accounting balance to basically both the the balance sheet so as you see right here probably notes are generally considered liabilities on balance sheets right usually thats the case but they did the flip side because you know when accounting principles when it comes to uh accounting principles i
