Phoenix Associates Land Syndicate (fka PBLSQ)

[MrPastorious]

I didnt say fire sale it, and it is not neccessarily true that in a sale the sales price would be lower than book value. In fact, that is how the entry for "Goodwill" is created. If you look at companies that actually file, you will see in many cases an entry for "goodwill" , that is when the purchase price of company is more than what it was carried on the books for. Goodwill: In an acquisition, goodwill appears on the balance sheet of the acquirer in the amount by which the purchase price exceeds the net tangible assets of the acquired company.

Liquidation value is the amount it could be quickly sold for. I did not intimate that in my statement.