CBA Florida Inc. (fka CBAI)

[StLXer]

It may affect your math

if you look at it as more what is left on the storage annuity from the aquired companies. The longest annuity would necesarily be the newest contract closest to the date of aquisition. The other contracts would obviously be closer to the annuity maturation date. Meaning their is never a set evaluation on the annuity contract as as every year after contract signing it losses assest value.

The annuity would either have accounting wise be marked as a one time assest depreciated over time, or as positive revenue on the date of the next annuity due payment for the individual contract.

The annuity either has to be valued at the time of aquisition at full value and depreciated over time. Or valued as revenue during the yearly date of the annuity payment.

This may account for the decrepency of the missing $ #, you elude to.

When CEO mentions the valuation of the cords on hand @ 1k he prefecesis 1k CBAI cord evaluation with example of PElmer valuation of their banking purchase paying $2300 per stem stored contract, without valuing the stems themselves. As they were valuing the annuity rather than the stem. Demonstrating the value is in the annuity contract rather than the material itself. The $1k evaluation in the context CEO provided that information may have been an average annuity left on the stored stems.

AIMHO GLTY