Solaris Power Cells Inc (fka SPCL)

[INSTATRADER]

I think the write-off was for tax purposes...

NOT a sale of their shares as some may think.

If a corp has an asset and that asset (say a car) loses all it's value in a crash, you still own the car.

Depending on corps' accounting methods, the value was written down to $0 here.

In this case FOXCONN has the car (shares) but those shares can still go up in value unlike the car.

Next year if the shares go up in value, that value will then rise on the balance sheet.

JMO in this case