It is important to note that the amount of loan is subject to property valuation by the lenders.
After all, they allowed themselves to be convinced that these companies were in fact different from traditional concerns and should be subject to less-stringent valuation standards.
The Groton assessor, John S. Philip, said this would also mean a lot of work for his office, since the units have never been subject to a formal valuation process because they were federal property.
Explaining the write-off, equivalent to $2 billion, the bank said its analysis of American housing data had led it "to subject to much stricter assessment the valuation assumptions" of certain U.S. mortgage securities.
To note: this valuation is subject to a successful debt exchange: this deal, Intelsat said, should reduce its debt load by $3.6 billion, leaving it with about $11.4 billion of debt.
So, a billion-dollar valuation can be subject to revision in the public market.
These valuations are largely subject to how much revenue Facebook will generate in the future: the Bullish prediction projects that Facebook will pass $1 billion in revenues by 2013, while the Bear case predicts $800 million for the same year, using a weighted average cost of capital of 15%.
That target valuation of $2.3 billion, however, is subject to some secondary share sales from existing backers, we understand, which, once blended, could lower the figure.
Contingent valuation is known to be subject to hypothetical bias [ 20].
The agency's own appraisal staff reviews valuations, and some appraisals are subject to further review by its Art Advisory Panel, a group of 25 volunteer experts.
