Vern, what makes you think that it is WORTH $500,000?
That may be what they paid for it, but in no way means that's what it's worth. And was it fully depreciated? If so, no impact to financials.
And how VALUABLE is it? If Globetel is out of the business, it only has salvage value. How much? Well if it's not more than the $30,000 of owed back rent (your number, I haven't verified it), then letting someone else go through the hassle of converting it to cash is actually a very good move. But for a man who would never borrow to grow a business, "I guess big business never ceases to amaze (you)", as you stated so clearly.
It seems that you are totally consumed with the desire to spin any and everything as a negative. It's getting old Vern! And why are you still spinning here on this board? You have no honor!
