Foxmoth - you still haven't got it yet have you
Obviously not
I'd buy into the second aircraft, but I'd only pay £5000.
Not if they won't sell to you for that price - and if you were to buy the whole aircraft how much would you be prepared to pay (without the fund of course)?
If you are saying you would pay £20,000 for the aircraft but not 4 x £5,000 for a share then the argument is that a share is not worth the same as that portion of the market value of the aircraft. If you are saying you would pay less than £20,000 then it is actually the market value you are in disagreement over and I do not see how you can say
that unless you know how I (or the groups) have arrived at that valuation.
Either way this is a
different argument from the one that has been going on here because up to now you have been saying that you do not pay more for an aircraft because it has a fund.
