--- In FairfieldLife@yahoogroups.com, "markmeredith2002" <[EMAIL PROTECTED]> wrote: > --- In FairfieldLife@yahoogroups.com, "Cliff" <[EMAIL PROTECTED]> wrote: > > Valued by whom? Assets, unless they are cash or readily > > tradeable stocks or bonds, are subject to remarkably wide > > ranges of valuation. Something which an auditor might claim > > to be worth $187 million might, if push came to shove, be worth > > only $5 million. I've seen Movement valuations in the past that were > > based on what donors said their stock donations in privately held, > > lying-through-their-teeth-financial-statment companies were > > worth. > > > > Ultimately, something is only worth what someone else is > > willing to pay for it. And I would bet considerable amounts of money > > that the assets in the World Peace Fund weren't worth anything close > > to a "real" $187 million. > > That was definitely true in 1999 when the Fund was valued at close to > $600 million and it looks like over $200 million of that was > GlobalLink stock which was probably already worthless by then. > > In 2003 there was some cash and stock in the Fund, but it was almost > all real estate. My guess is all the hotels that the tmo has been > selling lately were in there - have no idea if the market price is > close to what was on the books. > > PS. It seems Hartnett made out OK in his dealings with the mov't. > Got huge tax write-offs for donating essentially worthless stock and > got out of his big mortgage on the headquarters building by selling it > to the tmo for a million dollars when no-one else was interested -- > the tmo raising the money from local donations under the ruse it was > for King Tony who come here to live, bringing some sort of divine > vedic rulership with him -- how is it the donors keep forgetting so > easily the grand schemes for which their $$ went?
Like big donors to the Catholic Church, they probably think they're buying a ticket into heaven. That's what we've come to... ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/JjtolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
