Thanks for the quotes. My concern is this: "if they [Nerdland LLC] fail to pay, it will be much more difficult for the auditors to leave the asset on the balance sheet."
What sort of checking (=due diligence) did GTOR do about Nerdland LLC to ensure they have the ability to pay and have proved in the past that they go through with their deals?
Another irony is how cash-poor GTOR itself is. All of their 'buys' of those assets are in preferred shares, or promissory notes, which will be as good as Monopoly money if they don't succeed in selling those assets for real cash.
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