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clock Created with Sketch. 03/03/15
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Originally posted by SOCRATES99
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Sorry but you have got this completely wrong. Accounts are prepared under the "historical cost convention". this has nothing to do with what the business is worth or how much is attributable to different classes of shareholders. To figure out if there is any value left for PPX or PXUPA shareholders, you have to determine what will happen in the event of a break-up sale or an administration. in either case the answer is that there is no value in here for shareholders, whether PPX or PXUPA.
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You may yet be proven right on this. Regardless I suggest you read about the story of Socrates and Oracle of Delphi
