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Traderfan

09/29/09 11:07 AM

#826 RE: bradford86 #825

Well yes that is clear but when I looked at the filing I realized that they don't separate all the different businesses they have combined in the company. But maybe I'm just looking at it from the wrong side.



since myst owns 70% of subaye...

because they own over 50%

you can assume that 70% of subaye's income statements appear on myst's income statements

so you can take that out, figure out what myst made in isolation, and then add in the entire subaye... or you can just split the 30% difference (what I did)


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lostmyballs

09/29/09 4:22 PM

#828 RE: bradford86 #825

When a company owns more than 50% they can book all the revenue but only the % ownership of the net income...Thats the way it works with a comapny i owned last year..sounds weird but thats the way it worked for them..