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MikeWhite

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MikeWhite

Re: looznbux post# 821

Friday, 04/11/2008 11:48:50 AM

Friday, April 11, 2008 11:48:50 AM

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looznbux: I already factored in the "intellectual property" a.k.a. "Intangible Assets" a.k.a patents. They are still in the red!

Intangible Assets are only worth $3.652M on the balance sheet. Diom said it only was going to keep "certain patents" so we know we have less than $3.652M in Intangible Assets now.

Again this was accounted for in my post. I gave DIOM the benefit of the doubt and assumed DIOM still had 100% of the $3.652M and you see they still are in the red.

-Mike
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