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Sunday, June 06, 2021 4:57:31 PM
Based on the current market the building is worth more than $14 Million.
A $14 million valuation is pure speculation! What is NOT SPECULATION is the FACT SPRV apparently assumed the building's mortgage, which showed a balance of $11.57 million as of March 31, 2021.
Even if $14 million were an appropriate valuation, which may or may not be the case, the actual NET building value to an SPRV shareholder would appear to be approximately $2.5 million ($14mm - $11.5mm = $2.5mm).
$2.5 million is a hell of a lot less than the touted $14 million valuation!
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