Sunday, October 30, 2016 4:55:12 PM
If they surrender the debt to the credit held then also the collateral will be surrender. So with every dollar of debt you need a dollar of collateral and another dollar of share holders debt should there be no assets to use for collateral.
Let's take the building of anything be it a building or a widget of your choosing.
There is first the planning stage" no trinsic value "
Land purchased " trinsic value "
Foundation " goodwill "
Goodwill ?
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