Phoenix Associates Land Syndicate (fka PBLSQ)

[MrPastorious]

hey Shelby, all you have to do is show me a 10q or 10k from a company that uses the fair value method when it is not an IMPAIRMENT, meaning that they carry long term assets on the books at a value greater than acquisition cost, and not a marketable security or a cash equivalent, and I will leave the board forever. That should be pretty simple since you believe everyone uses that valuation method.
Note to moderators: this is important to the PBLS discussion , since if a company CAN use the fair value method, it would give credibility to the company's claim of having a $80 million shareholder equity.