Posted by MikeT23 on 10/27/2010 12:18:00 PM (view original):
Did I say it did?
No, although I was curious as to your answer to my question, which I didn't receive. Anyway, you brought up FMV without actually applying it:
"Any time you're not getting fair market value, you shouldn't be shocked if owners object to it because it was out of nowhere. I don't know why anyone would want to get less than they deserve in a deal but, I guess, to each his own."
FMV is the price a willing seller would receive from a willing buyer, neither being compelled to do so. By definition, a person who is aware of a player "for sale," but does not make an offer, is not a buyer. So, those people have no right to dictate the "market."
Now you didn't say that you personally cared about FMV, but don't just go throwing around the phrase as an argument when you don't apply it correctly.