Originally Posted by
Snoopy
If the cash value of business assets is $5, and the assessed high value of the business after the rebuild is complete is $3.65, isn't the only sensible action to liquidate?
Likewise, what easier way is there to economically split assets when the majority of those assets are just cash sitting in your bank account? Finally wasn't the LPC insurance pay-out entirely based on market valuations (replacement values) that are right up to date?
It looks to me as though both criteria are satisfied almost perfectly. It is unfathomable to me that the directors have agreed with Northington's opposite conclusion.