Umbra Applied Technologies Group Inc (UATG)

[kickask]

Well, that is not accurate. THey are not written down at the time of acquiring the assets but written down as value is determined to be lower at a later date. The value at the time of the write down was approx $5MM. As THoth stated, the future value is now in the tax benefit of the write down. Think of Real Estate, if you buy a property for $35MM and it is now worth $5MM, you do not have $35MM in assets. I was just stating a fact and won't continue to debate as it is not a factor in the current co. situation.