No. of Recommendations: 0
I went and read part of Jupiters 10-Q released in November of 1999. Here is my understanding: Jupiter was organized as a LLC (Limited Liability Corporation) and owners were referred to as members.

When they went public the LLC was converted into a regular C-corporation in which owners are referred to as stockholders.

So "Total stockholders'/members' deficiency" represents the owners of the company. Since the company has been losing money the balance is negative. Thus the word "deficiency" as opposed to "equity".

I did NOT read the entire 10-Q, but this is what my understanding is.

Hope it helps.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.