Replies to post #658 on International Battery Metals Ltd (IBATF)

[balihi]

I thought you were using share dilution to value the patent?

[TradingCharts]

Correction on my math for post #658
During the six months ended July 31, 2019, the Company recorded amortization of $333,113 based on an estimated useful life of 10 years. As of July 31, 2019, the Intellectual Property was $5,841,454

The original value was on On On April 12, 2018, upon completion of the Acquisition (Note 6), the Company acquired certain intellectual property (the “Intellectual Property”), from the shareholders of SAL. The Intellectual Property was recorded at $6,717,487.

$6,717,487 - $5,841,454= $876,033 devaluation since purchase date.