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Re: boston745 post# 15260

Thursday, 04/26/2018 10:44:29 AM

Thursday, April 26, 2018 10:44:29 AM

Post# of 41619
Yes and when you run the numbers it is not hard to see why this offering increased book value. They have $8,814,000 of intangible assets on the book, their total assets is $14,641,000 as of 12/31/17. So that was $5,827,000 of tangible assets and $9,199,000 of total liabilities. This is basic math.

At that previous offering you had $17,905,000 in tangible assets with $17,752,000 in total liabilities.
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