Just because it was once worth $3 million, doesnt mean it is still worth $3 million
I once held quite a few shares in SYR at 8c
Just because KTE havent revalued them on the books, doesnt mean they havent been intrinsically revalued
If KTE's stake in Mears is only worth $3 million, that implies Mears will IPO on NASDAQ at US$25 million, which is not possible.
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