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carbonfiltered

05/06/17 6:44 PM

#3562 RE: bob4uall #3558

$21 million in assets? Bob, ACPW was not a profitable business but their patents had value. Where do you think the $273 million in net operating losses came from? Active power ultimately sold their patents involving uninterrupted power sources to Langley for an approximately $26 million SWING in their balance sheet. We don't see that cash value in the balance sheet because 17 million was assumed debt that Langley took over. Active power, by selling their patents was able to get out of a losing business. Regardless of the value of active powers balance sheet the deal cost Langley approximately $26 million, that's where I am deriving the value from the first set of patents that they had. Langley bought a losing business that was costing ACPW several million dollars a year. So why expense out $26 million to get your hands on a losing business? Because Langley saw value in the PATENTS not the "assets"or the business. This left active power with zero debt and 21 other patents that were unassociated with their uninterruptible power sources. The P 10 we now know was then created.