Replies to post #3771 on SFLMaven Corporation (SFLM)

[Cassandra]

DNAD has negative book value according to the quarterly report.
When calculating book value, intangible assets are subtracted. http://www.investopedia.com/terms/b/bookvalue.asp

DNAD includes $3,500,000 as an intangible asset representing what they paid for Apache Mobile. This is akin to goodwill and does not contribute to book value.

Actual book value is:

Tangible assets: cash of 2,494 + investment loans of 32,280 = 34,774

Liabilities: current liabilies of 38,120 + non current liabilities of 30,000 = 68,120

Book value = 34,774 - 68,120 = (33,346)

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=50935