Replies to post #106106 on Cuentas Inc (CUEN)

[JG305]

From Tellza Communications 12/31/2015 Report:

Depreciation of property and equipment and amortization of intangible assets and asset impairment in 2015 was $2.3 million compared to $1.6 million in 2014. The increase in 2015, relates to the decision by management to take an impairment on its Tel3 asset in 2015 based upon a lower performance outlook for this business going forward.

Net income in 2015 was $344 compared to $966 in 2014. The reduction in net income is primarily related to an increase in non-cash impairment by management of its Tel3 asset.

And from Tellza's March 31, 2016 Report:

Discontinued operations related to the financial performance of the Tel3 asset.

And this from NXGH's Press Release:

Tel3 is a marketing group that had revenues over $3 million in 2015 with 31.5% gross margin, 25,000 active customers, and a database of 300,000 current and former clients.

So which is it? Tellza is discontinuing operations of Tel3 due to poor financial performance, yet NXGH says it did $3,000,000 with 31.5% gross margin. Does Arik own Tel3 or does Tellza?