Liabilities vs Assets..busy weekend on this board, lots has been bandied about here, lots to consider.. the bottom line that everyone should keep in mind is that valuations can be theoretically calculated until the cows come home, but any asset is only a liability until it is either making an income or it is sold.. PLS now has all the independent studies required showing more than economical numbers, but until someone steps in to buy it up, PLS will remain a liability. This deal, should it proceed will only combine 2 liabilities where one side gets rewarded with more potential than the other in a wash of paper assets of real liabilities, while management gets rewarded the greatest with the least risk.. As for the "letter of opinion", a few careful reads, and the wording says it all- nothing but lawyers protecting their assets with semantics that could easily be defended in a court of law should it come to that..
happy labour day all...