InvestorsHub Logo
icon url

MacCapone

03/31/11 12:44 PM

#5484 RE: BigOwl47 #5483

BigOwl, whats your opinion regarding what they are referring to when they use the term "Impairment"

In fiscal 2009, the registrant had no operations whereas in fiscal 2010, the registrant experienced a loss of approximately $725,000 from operations and also recorded an impairment of $112,700,000 regarding the value of the transaction consummated in June 2010.



This seems odd, like legal persuasion kind of odd.