Adaptive Medias Inc (fka ADTM)

[236T568]

take some time and follow the pattern of scam companies that announce an acquisition, book the value of the acquisition in the balance sheet, then write it off as worthless in the future, but not until they got their "bang for their money" in countless PR's about the value of the acquisition to the scam company?


sound familiar?

that is EXACTLY what happened with MIMV/Lone Wolf and EXACTLY as I stated would happen?

why?

because this is what scam companies do!

It looks to me like Eric Rice screwed MIMVI. You did notice they wrote off the entire cost of Lone Wolf, right?

"For the three months ended June 30, 2013, the impairment of intangibles that we incurred increased to $342,610 from $0 or 100% in the three months ended June 30, 2012 due to management’s impairment test completed as of June 30, 2013 for the intangibles acquired in the Lone Wolf acquisition wherein the value was determined to be $0."