Reasonable Vern, but the SEC checking intangibles would see 2 things...evaluated at a little under 10 million and done by an outside independant evaluation. The JV as previously mentioned has put Hotzone to rest $7+ million valuation if my memory serves(go through the financials if someone is concerned about pennys)...Sanswire was 2, 2 1/2 mill evaluated intangible, but Vern, you would know this of course.
Being as how we are plus or minus a $40 mill market cap today with $80+ mill in revs(9 months old info), I suppose they could say intangibles' amount to 25% of our value. But that's assuming the market valuation isn't based on manipulation and fraud on the part of traders. Still on the SHO, so counterfeiting via unregulated securities is a fact that cannot be falsified and is the only current and verifiable fact.
unregistered securities are the biggest cause of losses in the stock market!
Personal attacks are the No.1 tool of the MM to steal value from a company!