Thursday, December 07, 2006 10:22:37 AM
Obviously they keep the 3.5 million, and we owe them another 200,000.00 by the end of year, and we forgave a debt they owed us of 1.5 million for money loaned before the acquisition. So it adds up to over 5 million we paid for the 18 percent stake, in a company we intially bought for around 12 million, which included the 1.5 million debt they owqed us at the time.
Technically speaking if 18 percent is worth over 5 million that puts mobots value at over 25 million.
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