RE:RE:RE:RE:RE:RE:Thats so Raven . Ikavdeol wrote: Juniorbull, you have to remember the real value is in the underlying assets, not the company itself. As a company which does has limited liabilities, the company could opt to default enabling third parties to buy the underlying assets for pennies in the dollar. Everyone’s happy. Creditors get there money back, somebody gets to pick up to assets for cheap and sharesholders are normally left with nothing. Is it legal? Technically no but.....it’s very hard to prove anything when shell companies are being set up to buy these assets. These guys would never buy it under their personal names.
They have a bunch of machines which they "allegedly" don't have the legal rights to own
There would be value on the facility holding a Health Canada licence as well as the licence for 3 rooms but you couldn't put any monetary value on the orbital gardens until the lawsuit was finished or an agreement with RotoGro finalized.
Maybe $5-10m in assets? The time it saves by buying RQB out instead of building and applying for your own HC approved facility would also be considered, but maybe time isn't really considered an asset. I don't know though, I'm not an accountant.
I think it's possible for someone to pay around $20m for RQB. I also think it's possible that someone just got 41m shares for a $1000 app, which means they need to fork out another $15m for the rest of it.