The thing is that they claim it's value is X to the Tax Man. Then someone says "I want to pay 1.1 * X for that" and they say "it's worth more" - what are the t

The thing is that they claim it's value is X to the Tax Man. Then someone says "I want to pay 1.1 * X for that" and they say "it's worth more" - what are the tax implications? The same applies when they claim that X = 0. They're doing a disservice to their shareholders if they won't sell something worthless for money. There's a celebrity president facing the courts for a similar play, the same thing was worthless when having to pay taxes for it and priceless when using it as collateral for a loan =)