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Re: Packa post# 2146

Friday, 03/22/2013 1:33:34 PM

Friday, March 22, 2013 1:33:34 PM

Post# of 5592
Ok! If this transaction is actually closed I'm just trying to anticipate how it will be recorded on the balance sheet....
I'm not an accountant but I see the loan as a liability and the note as a liability so basically $200 million assets and $195 million Liability and another 100 million shares does not do much to increase the book value of the stock.
However, nothing I have stated changes my mind as to the fact this company is worth a great (GREAT) deal more that it is currently trading.