Wednesday, December 14, 2016 8:15:41 AM
The asset value is mentioned in the 10-Q
FF1+PF1+PF2 = $75M. So if we use $180M for the MegaFarm then we get to $255M.
It's about the land use rights. You can book them as an asset. Whether tangible or intangible is quite irrelevant. But if you use the definition of Net Tangible Assets, then Dan is probably right. But that's not the way an appraisal firm works IMO.
So I would use $293, if not now, soon.
FF1+PF1+PF2 = $75M. So if we use $180M for the MegaFarm then we get to $255M.
It's about the land use rights. You can book them as an asset. Whether tangible or intangible is quite irrelevant. But if you use the definition of Net Tangible Assets, then Dan is probably right. But that's not the way an appraisal firm works IMO.
So I would use $293, if not now, soon.
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