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Re: Gordo56 post# 25905

Tuesday, 05/29/2018 2:36:01 PM

Tuesday, May 29, 2018 2:36:01 PM

Post# of 70440
What htey paid for the assets is irrelevant. They are listed at the lower of cost or market. The market value was determined to be around $5mm, thus the right down. You don't have $35MM in assets if they're worth $5MM.