# not posted

[quote author=Luttinen link=topic=529946.msg6086130#msg6086130 date=1396720148]
[ ... ] business is valuable sold as a whole not piece by piece. 
[/quote]

An "asset" is cash in the bank or property that can be sold (including intangibles like licenses, logos, and public image). The value of an asset is how much would someone be willing to pay to buy it.

A company that bought N&B as a whole would get all their assets plus their debts.  The value of the company to a buyer is the value of those assets minus the amount of the debts.  If the result is negative, no one will want to buy.

A prospective buyer could also open a new company offering the same services under a new brand, and buy any N&B assets that it finds desirable and are cheaper than what they could buy elsewhere.

[quote author=Luttinen link=topic=529946.msg6086130#msg6086130 date=1396720148]
There is the software which is valuable
[/quote]

How much work did go into that software? 

The software would have to be adapted even if the new company decided to offer the same banking and merchant products (which  apparently they could not do, or would not want to).  That can be almost as expensive as rewriting it from scratch - especially if the new company can hire some of their former programmers. 

[quote author=Kenta link=topic=529946.msg6086873#msg6086873 date=1396723478]
* They have done pioneer work in preparing Cypriots to adopt BitCoins. First time I read about them was about 2 months ago on the front page of Cyprus Mail, the biggest English speaking newspaper on Cyprus.
[/quote]

Great, but that is not an "asset".  A new company would benefit from that for free.

[quote]
They have agreements in place with SoEasy, which is a chain of small kiosks all over Cyprus. Every little village have one of those!
[/quote]

A new company could offer the same agreement to SoEasy without paying aything to N&B.

[quote]
They have had meetings with banks and govt. officials that more or less gave them green lights to roll out this thing. 
[/quote]

Is that so?  Please correct me, but I understood that they were in trouble mainly because they had not yet obtained  permission to function as a bank?

That again is not an "asset" unless there is an approved official authorization to function issued to N&B.  Even then, a change of owners may require the authorization to be renewed.

[quote author=BCTCYPRUS link=topic=529946.msg6086910#msg6086910 date=1396723662]
I HAVE SEEN NEO AND BEE OFFICES IN NICOSIA-CYPRUS
Two floors of offices (550m2) on monthly rent - Fully furnished furniture fully paid
Branch-150m2-on monthly rent [ ... ] luxury interiors [ ... ]
COST,350,000 EUROS,PAID-225,000 NEO AND BEE NEEDS TO PAY ANOTHER 125,000 Euros
[/quote]

Space on monthly rent is not an asset, but overdue rent is a liability.  The furniture is an asset, but it would cost the same if bought from N&B or from a store.  The reform of the branch store to function as a bank agency is an asset, but its value 10,000 EUR.


Very elusive development,fully function bank like space,no othr similar in cyprus.


[/quote]

[quote]
Approvals that might never be given again if it fails now!
[/quote]

Well, from the government's viewpoint, it has failed already...