no not at all. they believed the asset to be worth 10 mill and it ended up to be 2.9 mill. what's reported on the 10Q? that's fact right?
I think my property is worth 4.6 million but only appraised at 2.4 mill. does that mean it's only worth 2.4 mill? Not to me it isn't. It's worth what someone would be willing to pay for it.
In real estate there are 3 methods of evaluation. Sometimes one is better then the other.
In art appraisal I'm sure the beauty is in the eye of the beholder. Someone may think a piece of art is worth 15 million and then sells at auction for 45 mill. Happens all the time. And vice a versa!
in other words no big deal.
all material events such as reduction and retirement of shares are Q'ed.
lest not forget the mistakes including the ones that the almighty SEC missed, like mr. parliament, have been corrected .
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