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krays

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krays

Re: wald post# 4246

Wednesday, 10/22/2008 9:18:45 AM

Wednesday, October 22, 2008 9:18:45 AM

Post# of 8201
This is most likely where they Myotech valuations came from.

The Company has recently re-evaluated the accounting treatment of its investment in MYOTECH. In order to comply with FASB FIN 46(R), the Company has consolidated MYOTECH from the date of acquisition, November 30, 2005. In order to accomplish this consolidation, the Company had the patents held by MYOTECH appraised by a nationally-recognized, independent, outside valuation firm.

The patents that MYOTECH holds were appraised at $26 million, which is now included in the Company’s consolidated balance sheet.


http://www.biophan.com/index.php?option=com_content&task=view&id=429&Itemid=446

"A man doesn't know what he knows until he knows what he doesn't know"

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