[Marshamoreno] Fwd: insolvency
chigorin at gmail.com
Fri Jul 1 11:46:37 PDT 2011
I do not know if the land on the hill is a major factor or not.
I was just talking to Susan about this.
The economy may play a good and a bad role here.
If we can not sell the land despite dropping the price nearly $1M or roughly
66%, what exactly is the land worth? I am not sure how this is calculated
for these purposes but it may end up being 'worth' very little which would
then make it only a very small factor.
The real question is "How is it determined for these purposes what the value
of the land is?"
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