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TMack01

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TMack01

Re: Hunterdog post# 7348

Wednesday, 06/10/2020 3:48:26 PM

Wednesday, June 10, 2020 3:48:26 PM

Post# of 14223
Oh no for sure. Its just an asset that has a declining value in an area like Coalinga. They even had the big parcel up for sale last year and not one offer from what I could tell when I researched the listing. And that was at a discount to what they bought it for.

So in the scheme of valuing the business - net quantum of approx 50% of what they bought it for which was $1.3M. So I guess $600k.

Again, JMHO
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