Is there information regarding the lawsuit that
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Posted On: 03/08/2019 12:19:39 PM
Is there information regarding the lawsuit that you know that has not been published yet? I don't think oral arguments are even set. Please forget about your vendetta about penny flippers for a post or two and be serious.
Why would Platinum Equity have to take at least a 25% or $500,000,000 writedown on a 2 billion dollar purchase? Didn't Platinum Equity pay 2.1 billion dollars for the LifeScan business after evaluating the Company? Platinum Equity is a fund that is very adept at business valuations and I don't think they overpaid for the business. If anything they bought it at a discount.
Platinum Equity most likely does not have any liability regarding known or unknown legal actions against Lifescan. If your post is accurate and DECN wins on appeal and at trial and then pays out $500,000,000, that would not be booked as a writedown devaluing the asset based on the purchase price. The underlying business assets of LifeScan are not devalued based on the results of a past known lawsuit. Skipping over your writedown misstatement, you are thinking $500,000 could be, or is in the process of being paid out? Is that type of information being shared with you?
That would be a huge positive that could add 50x based on the current share price. Is this something you are discussing or is it something you wish for as the best possible outcome. The glass half full mentality is great, but it is hard to imagine any serious financial settlement will occur outside of a complete court victory.
Why would Platinum Equity have to take at least a 25% or $500,000,000 writedown on a 2 billion dollar purchase? Didn't Platinum Equity pay 2.1 billion dollars for the LifeScan business after evaluating the Company? Platinum Equity is a fund that is very adept at business valuations and I don't think they overpaid for the business. If anything they bought it at a discount.
Platinum Equity most likely does not have any liability regarding known or unknown legal actions against Lifescan. If your post is accurate and DECN wins on appeal and at trial and then pays out $500,000,000, that would not be booked as a writedown devaluing the asset based on the purchase price. The underlying business assets of LifeScan are not devalued based on the results of a past known lawsuit. Skipping over your writedown misstatement, you are thinking $500,000 could be, or is in the process of being paid out? Is that type of information being shared with you?
That would be a huge positive that could add 50x based on the current share price. Is this something you are discussing or is it something you wish for as the best possible outcome. The glass half full mentality is great, but it is hard to imagine any serious financial settlement will occur outside of a complete court victory.
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