Replies to post #10740 on Aqua Power Systems Inc (APSI)

[Orion1972]

Greater than 40%

For all other acquired businesses, audited financial statements for the two most recent fiscal years, as well as most recent unaudited interim period and the comparative interim period of the prior year.

https://www.sec.gov/corpfin/financial-disclosures-acquired-disposed-businesses-guidance#_ftn10

SO 2022 and 2021

[skichic]

I think the unaudited filing justifies the purchase price, it might even justify a lower purchase price. They assumed 97 million dollars in liabilities, which pretty much is equal to assets.