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Re: Garden Rose post# 52801

Tuesday, 12/22/2020 9:34:37 PM

Tuesday, December 22, 2020 9:34:37 PM

Post# of 59315
If all the owners of CareClix (pre purchase) agreed to $2M, then the $20M doesn't matter. The $20M might have included their current book of business, which as you know wasn't included in the purchase.

The $20M could have been to completely remove everyone, but maybe the $2M and keep Korangy as CEO was a better deal for him in the long run.

If the software is actually worth $20M, and we purchased it for $2M, then the difference would be found under goodwill/intangible asset.

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