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Re: joepcf post# 402

Saturday, 07/11/2015 12:19:15 PM

Saturday, July 11, 2015 12:19:15 PM

Post# of 637
Also on top of the offering is this...

Because we are winding down our legacy Chinese business, we expect to incur a one-time non-cash charge of approximately $42 million.
In order to conserve cash and focus on IDI’s business, we are terminating our employees in China. As a result, we will be required to write off the goodwill, intangible assets, property, equipment and long-term deferred assets on our balance sheet of approximately $41 million. We will incur costs related to the termination of these employees of approximately $0.3 million. This will cause us to report substantial operating losses for the three months ended June 30, 2015 and year ending December 31, 2015.



which will no doubt affect the pps as well. Someone looking to get in or increase their position might get their opportunity. I'm looking ahead to the 4Q and 1Q of '16 to get a better feel of where this company is going. Based on the interview with Brauser, I remain optimistic in the company being successful.
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