Stated Value

Ok, so the first question: who stated it? Was it the seller (do you trust them)? Or was it an auditor (do you think they know what the market will pay)?

The stated value of anything is just...stated. Like when you went to that flea market and your new "friend" tells you that the price of the rug is only $12,000, because you're his new friend, and friends sell cheap to friends. Well, the rug is probably only "worth" $1,000, but the stated value by the seller was optimistic on his part. Maybe worse.