Kale

There are methodical ways of valuating a private (and public) company. Some are pessimistic and some are wildly optimistic. Your can legally use whichever one you want, only you must only use that valuation method for everything. It’s illegal to value the company low for taxes and high for loan collateral. And if you sell it, you can owe back taxes if your valuation was off (sale price is the new valuation).

This is overly-simplified US accounting rules (from finance class 10 years ago)

He took it private so, although there can be shares, they aren’t traded on the open market. So no positions to short.

My company blocks lemmy.zip on WiFi, but lets lemmy.world through. So I tried to be on something other than lemmy.world, but still use it about half the time.