Adaptive Medias Inc (fka ADTM)

[Irish62]

As part of the recent changes at the Company, we have recently reduced our monthly expenses and will continue to seek ways to spend responsibly without sacrificing opportunities for growth.

During 2014, the Company determined that the intangible assets and goodwill associated with the Adaptive Medias and Media Graph transactions were partially impaired and that the recorded book value of these assets was overstated compared with fair market value. Therefore, in accordance with accounting principles, the Company recorded an $8.6 million write-off.

I see the acting CEO has addressed 2 things I have been concerned about for most of last year.....ridiculous spending and the valuing of OneScreen assets by scumbag Shareef's back pocket majority at that "special meeting". I am very glad to see members of that group gone. The other thing that I was concerned about was the POS Shareef's lying and, well, that won't be stopping any time soon.