A liability moved from one company to another would become an...

A liability moved from one company to another would become an asset to the recipient company as it would need to be paid for. Because a liability is a capital item, I cannot see how it can convert to an expense item.
The liability in the holding company could then be paid down with the capital received.
The asset would be purchased with capital and would not be expensed from income.
A liability to one must be an asset to another. All that you are doing is playing musical chairs.
Correct me if I am wrong please.
IMHO interesting though. Creative accounting is very hard to achieve especially in the public arena.
In the mean time FAR remains an outstanding opportunity. As a patient invested, I like this stock. I like it's potential and I like it's growth prospects.