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Re: Magnum7419 post# 130776

Saturday, 08/01/2015 4:59:49 PM

Saturday, August 01, 2015 4:59:49 PM

Post# of 290029

Where does it say 35.00 ?



Right here:

5. REVERSE MERGER, Continued



The fair value of the consideration transferred in the merger was $4,800,000....



The following table summarizes the Company’s determination of fair values of the assets acquired and the liabilities as of the date of merger.



Consideration - issuance of securities $4,800,000


Cash $35


Goodwill 4,799,965



Total purchase price $4,800,000




The Company performed an impairment test related to goodwill as of the date of the merger and it was determined that goodwill was impaired. At that time, the Company recorded a charge to operations for the amount of the impairment of $4,799,965.



http://www.sec.gov/Archives/edgar/data/1451512/000147793215001943/trtc_10k.htm

This has been posted many times before. And it is just the beginning.