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Re: stervc post# 54149

Tuesday, 01/10/2017 11:11:46 AM

Tuesday, January 10, 2017 11:11:46 AM

Post# of 211609
just because the financials can show 100% of the revenues doesnt mean that's what you use to derive the value of ICNB, you need to account for the miniority interest of 49% in your EPS calculation as this is how it would be shown on the face of the P&L...in addition, there's no guarantee the company issues consolidated financials as they are NOT REQUIRED to comply with GAAP on PINKS.

Net income attributable to shareholders = 51%
Net income attribtuable to minority interest = 49%
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