On Tue, 29 Apr 2003, Stephen Sprunk wrote:
Thus spake "Stephen J. Wilcox" <steve@telecomplete.co.uk>
Oh, how do you demonstrate you possess this asset and its value to\ your accountant?
You claim a value and your auditor agrees. See also: Enron
Seriously, that's standard practice for unmarketable or volatile items.
I recall being told around 1995 of a company that "owned" a /8 and as such was valued at around $5 million more than it's other (apparantly few) assets indicated. Not sure who it was but a quick check of the list shows Interop (45/8) as being an obvious candidate. Since Key3Media (which owns Interop, Comdex etc) appears to be in Chapter 11 it might be possible to pick up the the /8 fairly cheaply. A quick look through their recent 10-K filing doesn't show it listed in the assets ( total $129 million) however. -- Simon Lyall. | Newsmaster | Work: simon.lyall@ihug.co.nz Senior Network/System Admin | Postmaster | Home: simon@darkmere.gen.nz Ihug Ltd, Auckland, NZ | Asst Doorman | Web: http://www.darkmere.gen.nz