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Saturday, October 17, 2015 7:09:22 PM
The auditor reviewed the documentation and all related evidence associated with the event, which included the patent acquisition agreement as well as the asset appraisal submitted by the independent appraiser. The auditor added the footnote when it made the determination that all was in order.
ESCU will soon be filing unaudited financial statements for the third quarter, 2015 via an SEC 10Q filing. The balance sheet of that report will show the addition of a $40m INTANGIBLE ASSET.
Then, in January or February, ESCU will have the 2015 audit performed, which will also show the asset on the company's books.
The asset has GREAT VALUE in terms of its practical significance for product development as well as serving as COLLATERAL for debt-related, non-dilutive funding.
It is my understanding that ESCU is ALREADY EXPLOITING tha opportunity issuing from this development.
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