Maybe the "very public document" is simply JBI fin
Post# of 43064
Posted On: 03/19/2014 2:46:08 PM
Re: mahatmapaul #6529
Maybe the "very public document" is simply JBI financial statements. 8 or 9 Million is simply the Asset Value, which represents the cost to-date to build the units. It is about right. I am not an accouintant, but doesn't GAAP stipulate that the Asset Value recorded on the books is to be the lower of Cost or Market Value? If that is the case, then since no processors have been sold, it is simply Cost To-date, which makes sense.
Unfortunately, they won't sell for that. It is similar to someone who soups up his Ford Mustang with lots of goodies like a supercharger, etc. They try to sell it for the money they spent. Never works... it is still just an old mustang that is fast, likely hard to repair, and costly to maintain.
Unfortunately, they won't sell for that. It is similar to someone who soups up his Ford Mustang with lots of goodies like a supercharger, etc. They try to sell it for the money they spent. Never works... it is still just an old mustang that is fast, likely hard to repair, and costly to maintain.
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