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I love that his actual real-life argument here is that an owner should be legally-allowed to value a property at literally any amount because brand value is nebulous and undefinable, even comparing himself to Coca-Cola
I’m pretty sure Coca-Cola doesn’t take loans out against their bottling plants or delivery fleet with valuation submissions that say, “Who knows? $5 million? $300 billion? It is completely impossible to determine the concrete value of a building full of equipment. Who’s to say.”
Also, people want to have the cocaine removed from Trump and put back in Coca-Cola
+6
AtomikaLive fast and get fucked or whateverRegistered Userregular
I love that his actual real-life argument here is that an owner should be legally-allowed to value a property at literally any amount because brand value is nebulous and undefinable, even comparing himself to Coca-Cola
I’m pretty sure Coca-Cola doesn’t take loans out against their bottling plants or delivery fleet with valuation submissions that say, “Who knows? $5 million? $300 billion? It is completely impossible to determine the concrete value of a building full of equipment. Who’s to say.”
Also, people want to have the cocaine removed from Trump and put back in Coca-Cola
He’s totally right tho on all my tax forms I write buyer beware and it’s absolutely fine when I just make up numbers oh no I’m in jail cos I’m a regular person and not trump
Trump fell off this year's list because of Forbes' estimate that his net worth declined by $600 million compared with a year earlier. The culprit? Trump's social media business, Truth Social, Forbes said.
So he's got further to fall! There's plenty of detail about Truth Social sucking, but I figured you'd be more interesting in this amazing note:
Tumbling from the Forbes 400 might seem like a minor problem for someone who is extremely wealthy and running a second time for the highest office in the U.S. But Forbes noted that the Forbes 400 is an "annual measurement that Trump has obsessed over for decades, relentlessly lying to reporters to try to vault himself higher on the list."
I love that his actual real-life argument here is that an owner should be legally-allowed to value a property at literally any amount because brand value is nebulous and undefinable, even comparing himself to Coca-Cola
I’m pretty sure Coca-Cola doesn’t take loans out against their bottling plants or delivery fleet with valuation submissions that say, “Who knows? $5 million? $300 billion? It is completely impossible to determine the concrete value of a building full of equipment. Who’s to say.”
I think the best exchange was in the previous trial where his guilt was determined where his lawyers tried to argue that measuring the square footage of a property was subjective.
You could just feel the judges Picard double facepalm energy in his response.
Viskod on
+16
AtomikaLive fast and get fucked or whateverRegistered Userregular
I love that his actual real-life argument here is that an owner should be legally-allowed to value a property at literally any amount because brand value is nebulous and undefinable, even comparing himself to Coca-Cola
I’m pretty sure Coca-Cola doesn’t take loans out against their bottling plants or delivery fleet with valuation submissions that say, “Who knows? $5 million? $300 billion? It is completely impossible to determine the concrete value of a building full of equipment. Who’s to say.”
I think the best exchange was in the previous trial where his guilt was determined where his lawyers tried to argue that measuring the square footage of a property was subjective.
You could just feel the judges Picard double facepalm energy in his response.
They should probably just plan on fining and censuring them in realtime during session, just for expediency
I love that his actual real-life argument here is that an owner should be legally-allowed to value a property at literally any amount because brand value is nebulous and undefinable, even comparing himself to Coca-Cola
I’m pretty sure Coca-Cola doesn’t take loans out against their bottling plants or delivery fleet with valuation submissions that say, “Who knows? $5 million? $300 billion? It is completely impossible to determine the concrete value of a building full of equipment. Who’s to say.”
I think the best exchange was in the previous trial where his guilt was determined where his lawyers tried to argue that measuring the square footage of a property was subjective.
You could just feel the judges Picard double facepalm energy in his response.
They should probably just plan on fining and censuring them in realtime during session, just for expediency
It’s just day 2 and we already got a real time Trump personal attack tweet to instant gag order in court today.
I love that his actual real-life argument here is that an owner should be legally-allowed to value a property at literally any amount because brand value is nebulous and undefinable, even comparing himself to Coca-Cola
I’m pretty sure Coca-Cola doesn’t take loans out against their bottling plants or delivery fleet with valuation submissions that say, “Who knows? $5 million? $300 billion? It is completely impossible to determine the concrete value of a building full of equipment. Who’s to say.”
I think the best exchange was in the previous trial where his guilt was determined where his lawyers tried to argue that measuring the square footage of a property was subjective.
You could just feel the judges Picard double facepalm energy in his response.
(Judge) Engoron flatly stated that “[g]ood-faith measurements could vary by as much as 10-20%, not 200%.”
“A discrepancy of this order of magnitude, by a real estate developer sizing up his own living space of decades, can only be considered fraud,” he added.
Trump stated that the apartment, made of three joined apartments, was 30,000 ft^2, when it was really 10,996 ft^2.
Now, there is a little bit of a gray zone in square footage because it is customary, in some circumstances, to include a portion of the common areas in a square footage calculation of a condo. To include that area in actual financial documents may or may not be misleading, but a lawyer could defend that measurement in court with a straight face. That's not what happened here; there's no way there's twice as much common area as rentable floor space in Trump Tower. In general, if they came to that 30,000 number by any reasonable method, they could have told the judge how they got the number. That they jumped to "the square footage of a space is subjective" means Trump made it up.
Common where? Because in the Pacific Northwest that is not the case at all. With regards to common areas being included in condo square footage.
Yeah, there are literal standards about this sort of thing because it matters a lot more than whether the Second Floor is numbered 1 or 2, and if the 13th floor exists.
In fact, it matters explicitly to ensure developers aren't defrauding their investors or the government! Like the judge said, you can quibble about some round numbers, but not treble.
The actual sq footage wiggle room is if you’re measuring inside or outside dimensions.
Sometimes you can measure the inside of each actual room. Sometimes you can measure the full interior space. (Sometimes that space is measured from the outside of the floor plan and includes walls)
There are reasonable reasons to measure in each way.
1) this is the actual space you have right now
2) this is the theoretical space you could have given remodels; not accounting for necessary infrastructure (this is most common for condos)
3) this is the area of the building and is close to 2 but a lot easier to measure if you dont want to trust a blueprint.
You do not include common space*. That is usually illegal.
*you might include the elevator bay if the elevators are locked out without your authorization
I love that his actual real-life argument here is that an owner should be legally-allowed to value a property at literally any amount because brand value is nebulous and undefinable, even comparing himself to Coca-Cola
I’m pretty sure Coca-Cola doesn’t take loans out against their bottling plants or delivery fleet with valuation submissions that say, “Who knows? $5 million? $300 billion? It is completely impossible to determine the concrete value of a building full of equipment. Who’s to say.”
I'm pretty sure Coca-Cola has a very accurate calculation of their brand's value somewhere laying around.
But yeah, Donny, keep comparing yourself to things - makes you look yuge.
C'mon, guys. Obviously he was measuring the space around the building. To establish legal territory and all. Or annexation of the other buildings. Either/or.
It's also kind of ridiculous to compare Trump and Coke; Coke is a company that has been around since the 19th century, has a plethora of products that are distributed around the world and an actually publicly traded stock whereas trump has... a plethora of failed business ventures, some properties that are too ritzy for common usage and a long and storied history of screwing over those who do business with him.
I'm pretty sure Coca-Cola has a very accurate calculation of their brand's value somewhere laying around.
If you look at an earning statement, The brand value is labeled under "goodwill" They put it in their investment reports.
The way I understand goodwill is it’s the premium value paid for an acquired company and a balance sheet trick to make things balance
So if Coca Cola buys Smartwater for $3 but its assets only come out to $2.75, they have to put $0.25 in the goodwill bucket so A still equals L+E and then depreciate it away to keep everything in balance
Posts
Also, people want to have the cocaine removed from Trump and put back in Coca-Cola
And Diet Coke, too
Sugar is bad for you
So he's got further to fall! There's plenty of detail about Truth Social sucking, but I figured you'd be more interesting in this amazing note:
He's not having a great week!
Actually seems like good clickbait.
I think the best exchange was in the previous trial where his guilt was determined where his lawyers tried to argue that measuring the square footage of a property was subjective.
You could just feel the judges Picard double facepalm energy in his response.
They should probably just plan on fining and censuring them in realtime during session, just for expediency
It’s just day 2 and we already got a real time Trump personal attack tweet to instant gag order in court today.
I expect this to happen next.
https://lawandcrime.com/high-profile/trump-lawyers-absurdly-argued-that-figuring-out-square-footage-is-subjective-and-the-judge-wasnt-having-it/
https://s3.documentcloud.org/documents/23991970/engoron-order-nys-v-trump-1.pdf Trump stated that the apartment, made of three joined apartments, was 30,000 ft^2, when it was really 10,996 ft^2.
Now, there is a little bit of a gray zone in square footage because it is customary, in some circumstances, to include a portion of the common areas in a square footage calculation of a condo. To include that area in actual financial documents may or may not be misleading, but a lawyer could defend that measurement in court with a straight face. That's not what happened here; there's no way there's twice as much common area as rentable floor space in Trump Tower. In general, if they came to that 30,000 number by any reasonable method, they could have told the judge how they got the number. That they jumped to "the square footage of a space is subjective" means Trump made it up.
pleasepaypreacher.net
Yeah, there are literal standards about this sort of thing because it matters a lot more than whether the Second Floor is numbered 1 or 2, and if the 13th floor exists.
ANSI/BOMA Z65.4-2023 - Multi-Family and Hospitality
In fact, it matters explicitly to ensure developers aren't defrauding their investors or the government! Like the judge said, you can quibble about some round numbers, but not treble.
Sometimes you can measure the inside of each actual room. Sometimes you can measure the full interior space. (Sometimes that space is measured from the outside of the floor plan and includes walls)
There are reasonable reasons to measure in each way.
1) this is the actual space you have right now
2) this is the theoretical space you could have given remodels; not accounting for necessary infrastructure (this is most common for condos)
3) this is the area of the building and is close to 2 but a lot easier to measure if you dont want to trust a blueprint.
You do not include common space*. That is usually illegal.
*you might include the elevator bay if the elevators are locked out without your authorization
I'm pretty sure Coca-Cola has a very accurate calculation of their brand's value somewhere laying around.
But yeah, Donny, keep comparing yourself to things - makes you look yuge.
Do not engage the Watermelons.
If you look at an earning statement, The brand value is labeled under "goodwill" They put it in their investment reports.
Do not engage the Watermelons.
https://forums.penny-arcade.com/discussion/248294/the-trials-of-inmate-p01135809-donald-j-trump/p1?new=1
The way I understand goodwill is it’s the premium value paid for an acquired company and a balance sheet trick to make things balance
So if Coca Cola buys Smartwater for $3 but its assets only come out to $2.75, they have to put $0.25 in the goodwill bucket so A still equals L+E and then depreciate it away to keep everything in balance
So not actually related to Trump’s thing