If there are convenants/loan conditions based on your ratios, e.g., Debt to Equity, it would be based on MacB assessed asset values, and not Book Value, and that asset value would be based on MacB price deck. Same for the others.
All lending ratios are based on the the lenders price deck. I know this for a fact.
Predicted POO/price deck is at the heart of a company's ability to service their debt, and whether the assets are sufficient to secure the debt obligation.
They lender uses their price deck at each scheduled loan review date.
I know this for a fact.
Ann: Trading Halt, page-84
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