B
Bigapple
Guest
Widget Inc. is a publicly traded Equity Firm that has numerous portfolio companies in a variety of industries. One of those companies is owned 100% by Widget Inc and Widget has invested or propped up the company with over $40mm over the past 3 or 4 years. The company has no real assets and if liquidated, would have negative value due to legal contingencies. I believe that Widget Inc is falsley listing its investment as an asset to keep from having to report the real value, which would most likely affect its credit line and ability to raise capital. Your thoughts?