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Re: iron-eagle post# 110214

Saturday, 11/28/2020 8:07:19 AM

Saturday, November 28, 2020 8:07:19 AM

Post# of 145543
They reported the entire amount paid for the assets, as you know, which they were obligated to do. None of the bidders could care less about the net asset value, a concept that is worthwhile for some accounting purposes, but certainly not of interest to bidders in a distressed asset sale. Why would they care how much it cost the original owner when they only have to pay whatever ends up being the highest bid? Why would they care about any liabilities when they weren’t taking on any?

I thought the new narrative was Tillman Fertitas blank check company was bailing you out? What spaghetti will be thrown against the wall tomorrow?

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