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Re: nonewname1 post# 21261

Thursday, 01/26/2017 10:42:18 AM

Thursday, January 26, 2017 10:42:18 AM

Post# of 30291
Also, the company still owns 48% of send global, it just doesn't report the numbers because it's ownership is less that 50%, they are still included however, not that it would matter with send's profits being so small. So in answer to the question, where did the revenues go? They are still there.

Previously the Company had focused most of its efforts through its Send Global
subsidiary. However, during the quarter ended September 30, 2016 the
Company sold 30 of its shares in Send Global and the Company now owns a
minority interest of 48% of Send Global. Consequently, beginning with this
quarter, the Company no longer reports the results of the operations of Send
Global with those of the Company. The Company maintains the stock it retains in
Send Global as an impaired asset on its balance sheet.