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Re: ScubaDiver post# 43074

Thursday, 10/30/2014 8:31:25 AM

Thursday, October 30, 2014 8:31:25 AM

Post# of 61040
i always had a question which no one could answer how do they get the value for the assets purchased?

from what i have seen with many pinks in the past they buy these properties for buddies way over valued just to issue stock/cash for..

example i buy building x for 50,000 from my pal then sell it to the company for 100,000+ (all examples seen from other pink companies).. so my question is how do we know the value put on these properties or assets are correct? did they get independent valuations done on it like from the state or a bank? like when you buy a house????