International Battery Metals Ltd (IBATF)

[TradingCharts]

The life of the patent is 10 years according to the latest fins. The patent value goes down every year.

7. Intangible Assets

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. And when more shares are added your share value goes down, as a shareholder. According to the fins the patent value lost $333,113 since April 12, 2018. I do appreciate this discussion I have errands to run. The shareholder meeting I hope will give us all more insight into IBAT's future. It is a wait and see for me. My last trade with IBAT was a sell order. I still own shares.

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