Any Business Valuation is dependant on assumptions. Two Strategy...

Any Business Valuation is dependant on assumptions. Two Strategy experts
in the same company sitting on the same table can come up with different
valuations.
For instance - the assets that BNB holds, what is the sale value ? NPV
method of valuation assumes discounting at a % rate. It assumes the cash
flows, it assumes disposable values......so its cricital to be fair.

Assets sold under a going concern will yeild more than distressed sale.
Not that BNB is not a going concern..but I want to highlight that its
pretty pointless to argue on HC about each others valuations....