Originally Posted by David Hillary "http://www.lostsoulblog.com/2010/12/how-to-book-goodwill-as-tangible-asset.html" - Wednesday, 05 January, 2011
By the time the Helicopters NZ transaction is fully unwound, and all the assets and liabilities are fully realised the values put on the assets and the amount of capital booked will be shown to be a joke. I'm expecting that the value recovered from the Helicopters NZ and Scales corp assets will be less than the debts and preference shares they collectively had, and that Southbury Corp and Southbury Group receiverships will produce zero to 10 c in the dollar.