Replies to post #9539 on Umbra Applied Technologies Group Inc (UATG)

[skichic]

Alex discusses the $30 million in a radio- YouTube interview he gave. I used to have the link to it in the stickies. I am hoping the next financial will show it, he talked about revising the last filing, but didn't.

[Craig305]

Look at Gordo's recent post history. He gives an explanation about intellectual property acquired and the value.

I have to go back and re-read it myself. I'm not sure how 30M in assets is only showing as 9M. For me, off the top of my head, capital assets have depreciation.
I'm thinking 30M in assets was when new. They have to depreciate. They can't stay as their purchase value.
Think of a car. You buy at $30k but 3 years later is with $15k. You can't keep claiming is $30k

But I have to understand what is the "intellectual" property and how is that different. Gordo gives explanation but i have not had time to look back for it.
Just because he posts it does not make it right...hehe....no offense Gordo.