GREY:GDPEF - Post by User
Comment by
LeftBookon Jul 05, 2019 3:48pm
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Post# 29890774
RE:RE:taxes worth $10M
RE:RE:taxes worth $10M
Damian, if the process ends in low ball price then I will certainly take your comments into account.
I am more interested in the value.
Price is what you pay.
Value is what you get.
It is entirely possible that someone gets the assets for a discount to the value.
If someone buys it for $20.5M leaving an empty shell they have saved $5M off Leigh's value. It is a small discount and small de-risk of the project.
If they bought the company for $30M = $20.5M + $10M tax credits they save $15M. $5M off the value and $10M off the tax credits. It is larger discount and even larger de-risk of the project.