What is this goop? Restored 1932 Victoria

[rackops]

I'm a Model A guy, but ran across these photos on BAT of a 1932 Victoria. The car itself appears to be flawless...really, really well restored. I've actually toyed with the idea of going all-in on it.

However, under the driver's feet, there's this yellow-tan-colored goop under the protective plastic cover.

To me, it looks like someone tried to put construction adhesive under the plastic. However, I have been assured in the auction questions that this is supposed to be there.

I don't have a copy of judging standards for the post-Model A Fords, but I'm hard-pressed to think that something so "goopy" and runny (for lack of better terms) is supposed to be there on what appears to be a fine point car.

Since I'm starting to think I'm the crazy one, I'd appreciate hearing other opinions. Is this proper for a 1932 Ford??

Thanks in advance!