Replies to post #22326 on Viaspace, Inc. (VSPC)

[hedge_fun]

but i think its silly to assume someone would overpay that amount without knowing the real value or whatnot. might be off base with that one because i havent been keeping fully up to date with vspc activities but that one just seems to defy logic

You can overpay all you want, but Karl wanted it listed as an asset to fulfill his obligation to Chang about the asset value of the collateral. There are accounting rules/formulas for goodwill and it must be reviewed annually. An impairment charge is evidence of a bad investment. Read more here........

Companies that have to write off billions of dollars due to impairment have not made good investment decisions.

Read more: http://www.investopedia.com/articles/analyst/110502.asp#ixzz1r5ueVELK