Could someone more savy than me explain what this Goodwill clause means? And how reliable is this "Goodwill" valuation, since it's most of this new valuation. From the 8k/a:
NOTE 8 – GOODWILL
Goodwill of $12,859,605 has been recorded to reflect the difference between the market value of the shares issued in the share exchange with Aero Exhaust and the value of the assets less liabilities acquired in the transaction. The Company recorded an immediate impairment on Goodwill of $17,828,571 to reflect the difference between the Company’s stock price per share on the date the share exchange closed and the price per share on the date the number of shares was settled upon between Aero and the Company. The Company believes that the adjusted Goodwill is a reasonable approximation of the fair market value of the Aero shares acquired.