I don’t think $RELI can book goodwill on an incomplete investment unless the investment is for 100% of the targets equity. Only upon closing of an acquisition could goodwill be appropriate although it’s still bs.
The goodwill represents the difference between the price paid and the fair market value of an acquisition.
Nsure’s valuation according to the new purchase agreement Nsure equity is rising in value between rounds. Nsure PPS does not reveal its issued and outstanding, therefore only $Reli and Nsure know the ownership percentages. The S1 revealed nothing of any use.
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