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Citrati

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Citrati

Re: abc1938 post# 16386

Tuesday, 08/21/2012 12:31:49 PM

Tuesday, August 21, 2012 12:31:49 PM

Post# of 62039
Thanks for the reply.

Looking on page 16 ...note 7.. Fair value of financial instruments. There is no information given relative to the $7.5million.

However, on page 10 under goodwill and other intangible assets " the company impaired its goodwill of approximately $7,602,000 during the year ended Dec. 31, 2010"

Impaired is the same as written off. That is why the total asset value of SIRG is now (2012) listed as $78,800. Everything current as of June 30, 2012 is on pages 4,5,6.
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