Replies to post #28876 on Phoenix Associates Land Syndicate (fka PBLSQ)

[mickvonmerk]

REIT's record buildings at market value because the are considered invetory. Their are also some other exception but i forget them. Abigger issue is, Is it "very soon" yet?

Mr. Alonzo commented further, "We have made the decision to make the full capitalization structure of Phoenix public very soon so as to set shareholders concerns to rest."

http://biz.yahoo.com/iw/060620/0137424.html

[Russian-Trader]

FMV is still FMV regardless of wether it denotes a higher or lessor value of the assets. Those financials were for NASDAQ as they were 100% owned by NASD and required for the split. Now I'm sure there are several other companies that use the same value method. FMV is an accepted GAAP and can be used to value all assets which I have shown you with related articles thus proving it can be done. You have not proven anything that you have assumed. Now regardless of how they came up with the 80 million you are harping about is really pretty irrelevant at this point. More than likely it came off of the tax returns from the businesses they acquired which may or may not be recorded at cost, but you have no proof that says otherwise so STFU.