$hit. At least it's on the table now and 30 million in equity isn't bad.�A bit�overleveraged, pity office space is so�oversupplied�at the moment otherwise he would have been OK. I hope that the valuing is realistic. Be interesting, and somewhat nervewracking,�to see what�happens to the Phoenix now.
Yeah, there's no guarantee he'll get the valuations in this market. 30 million could be a best case scenario.
Yep, this is an important issue - especially when the potential buyers are well aware of the financial distress of the seller and his need to sell.