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Ejag

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Ejag

Re: WhiteFish post# 181415

Wednesday, 10/29/2014 9:24:33 AM

Wednesday, October 29, 2014 9:24:33 AM

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Not true. They OWN the license. GAAP does allow a license to be valued and amortized over the life of the license. Per the Controller of my bank.

That patent is the #1 asset Ed has. After everything that is happened over the last 6 years I do not blame him for holding it close. Would it be better for MYEC if it was assigned? Yes, but for now the license gets the job done and CAN be valued as an asset.

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