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ztect

03/30/11 9:05 PM

#30111 RE: Schneidku40 #30108

Honestly don't know, and that's why its important for an independent third party to make its own assessment

Like you wrote, it's not uncommon place for techs, especially start ups, to have such a high number for intellectual property, on the plus side in their ledger.

Only thing is that it would be a lot more comforting if their products had patents rather than patent pendings to insure that this intellectual property value is protected. Unfortunately the patent process though is a long one
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Pinks

03/31/11 10:57 PM

#30212 RE: Schneidku40 #30108

Ummm, this is exactly when I started posting. There is no coincidence that the company went "dark" audit-wise right when the company added the bogus $7 million IP to its asset base.

No SEC/SOX auditer would have EVER approved that. Ever!

That's when you had to begin who was whispering in Ferris' ear.