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Projections on behalf of the seller, could not explain why
the anticipated sale proceeds of the equipment in 1990 are
not set forth in the Appraisal, as was normally the case.
Mr. Binder testified as follows:
Q. Now with respect to the line that says Sales
Proceeds, where was that number or those
numbers derived from?
A. I think the first number, the 20-percent
number, comes from the appraisal.
Because there is a possibility that it would
be worth more and a possibility that it
would--let me just see.
He normally gave the estimated value.
[Pause.]
THE WITNESS: I can't find it in here.
Normally that was based on his--
MR. WINNINGHAM: Your Honor, could we ask
what document the witness is referring to?
THE WITNESS: 7-G [the Appraisal].
MR. WINNINGHAM: 7-G, thank you.
[Pause.]
THE WITNESS: I can't find it but it is
supposed to be and it was based on appraisal
at 20 percent and he somewhere comments I
think that that's a fair number but anyway
that's my answer--that it's based on Jack
Wilkins.
Even more significantly, there is a critical
discrepancy between the value of the computer equipment
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