Phoenix Associates Land Syndicate (fka PBLSQ)

[MrPastorious]

thats great shelby, THATS FROM THE IASB... THE IASB IS BASED IN LONDON, AND HAS NO JURISDICTION IN THE USA. FROM THEIR WEBSITE:

About IASB
The International Accounting Standards Board is an independent, privately-funded accounting standard-setter based in London, UK. The Board members come from nine countries and have a variety of functional backgrounds.

The IASB is committed to developing, in the public interest, a single set of high quality, understandable and enforceable global accounting standards that require transparent and comparable information in general purpose financial statements. In addition, the IASB co-operates with national accounting standard-setters to achieve convergence in accounting standards around the world.


Like I have said before, the SEC REQUIRES assets to be carried at cost less accumulated depreciation, unless there is an asset impairment, it is a cash equivalent(marketable security), or is an asset held for sale. Find me a reporting company that values their assets at your definition of fair value in a 10-k or 10q WHEN NOT AN IMPAIRMENT and I will leave the board forever.