"The write off mayhave been calculated over the life of the patent, thus we would satill have a portion of the total paid in capital left to write off."

There's a direct write off at development.....if not allocated to an asset.....allocated as an asset, it would follow a form of depreciation write off.

One way or the other... it would be written off.

For me, I understand the path they are taking.

"None of the invested capital would stay as long term assets as you suggest."

Did I say it would?

My point is, in considering the value of IP, as an investor....it's not a straight forward issue like tangibles, just reading this simple balance sheet does not tell the whole story.

It's the opinion of a few here... pointing at the 80 million, that its a representation for a total meltdown of management.....where that is not the case.

doni