Metro One Development, Inc (MTRO)

[charhorse]

So what have I learned ?
The company had assessed a projected value of certain attributes of their aquisitions and has now had to write off that projected value against income because...
1. The original value given to these attributes (brand names, employees, customer base. etc) has proven to have been over estimated and now must be accounted for.
2. The company is using this write off to offset an increase in profit. ( No, and that would seem to be misrepresentative anyway. )
I'm afraid I'm wading into new territory here and my interpretation is this is an intangable asset that the company has now had to remove from their balance sheet.
Please correct me if I'm wrong