Really...your thoughts...hmmmm. re paying $6.2M tot are environmental problem off the books, I look at it much differently. When they sold the property they sold the cot animated land with it, therefore it is zero after the sale.
Jerry. I really have no experience reading these things. Does it clearly show that they paid 6.2m out of the gross proceeds from the sale? Or was the purchase price just lower to pass on potential liability? And the 17 acres retained? Are you saying that because it was already owned, there is no requirement for a valuation to be filed. Even though there would be no history of what that particular 17 acres tranche is worth? What can we therefore assume about its asset value or its market value? Nothing? If 47m was a net figure, what was the gross figure? 22m going forward after paying off the mortgages, certainly sounds at least as good as I was expecting.
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