Town chief executive Derek Bowden has denied a claim that the club's value has dropped to only ÂŁ4 million over the course of the last year.
Bowden told TWTD that the story in the wake of last week's AGM was incorrect and was based on an extrapolation of a reduction in the carrying value of the PLC, which owns 12.5% of the club, by ÂŁ3,745,000 to ÂŁ500,000.
The chief executive said: "It was a wrong assumption. What was assumed was that owning the value of 87.5% of something is exactly the same as the value of 12.5% of something. It clearly isn't because there is a huge premium with having control.
"The reason the PLC wrote down their 12.5% in an impairment review is that 12.5% of something couldn't possibly be worth pro rata 100% of something.
"The PLC previously owned 100% of the club, so when it owned 100% its ownership had a certain value. When it owns 12.5% of the club with someone else owning 87.5%, clearly it doesn't have the controlling interest any more.
"It was a piece of auditing advice from KPMG; that the ownership was impaired and should be written down.
"The trading price of the shares isn't affected because they're traded on a matched bargain basis anyway, so if someone wants to buy a share they'll pay whatever they wish to pay for it.
"It would be very hard to argue that the club is worth only ÂŁ4 million. It was wrong maths."
Marcus Evans paid ÂŁ12 million to take over the club a year ago and its value is unlikely to have changed significantly in the intervening year.