UAI - Unistar - BB reverse merger that moved to AMEX Message Board

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Non-Tech : UAI - Unistar - BB reverse merger that moved to AMEX

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To: Q. who wrote ()	7/20/1999 12:41:00 PM
From: Q.	of 133

From: +Ñ Sunday, Jul 18 1999 3:13PM ET Reply # of 11047 is, did UAI get its acquisitions from a related party? I didn't notice that when I was glancing through the filings. Can you direct me to the filing or news release that gives this info? If true, this would be a further red flag. In fact, a huge one, because of the large size of the goodwill. Goodwill (e.g.,"customer lists") is an indication that a co. paid more than book value (or more technically, more than net tangible assets or NTA) for its acquisition. If the goodwill is huge in comparison to the NTA, it means that the co. may have greatly overpaid. And if the people that received the greatly inflated payment from the co. were the same people that control the co., then that means that they enriched themselves personally at the expense of the small stock investors who bought shares in the co. BTW, agreed that if they amortized the customer lists faster than 40 years, the reported earnings would take a huge hit. Message 10555154

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