InvestorsHub Logo
Followers 53
Posts 11114
Boards Moderated 11
Alias Born 06/25/2009

Re: TradingCharts post# 648

Saturday, 09/28/2019 4:11:17 PM

Saturday, September 28, 2019 4:11:17 PM

Post# of 7054
Bottom of post. Valuation, of patents. It don't get any clearer than this.

On April 12, 2018, upon completion of the Acquisition (Note 6), the Company acquired certain intellectual property (the “Intellectual Property”), from the shareholders of SAL. The Intellectual Property was recorded at $6,717,487. During the six months ended July 31, 2019, the Company recorded amortization of $333,113 based on an estimated useful life of 10 years. As of July 31, 2019, the Intellectual Property was $5,841,454.

https://www.thecse.com/en/listings/mining/international-battery-metals-ltd