PLNI - Game Over Message Board

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Microcap & Penny Stocks : PLNI - Game Over

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To: Captain James T. Kirk who wrote (30)	11/29/2005 9:52:17 AM
From: scion	Read Replies (2) of 12518

So you believe everything "the company" tells you? I asked you a question and if you don't like the question don't answer it. I also checked the USPTO site thoroughly for Turek's patents - have you? Meanwhile, I suggest you read this in its entirety - FINANCIAL REPORTING It’s no longer a matter of making a best estimate. Valuing IP Post-Sarbanes-Oxley -------------------------------------------------------------------------------- Before 2002, identifying and valuing intellectual property (IP) was more art than science. But in that year Congress passed the Sarbanes-Oxley Act and FASB issued new accounting standards for measuring and reporting on intangible assets. In this high-pressure environment CPAs will find IP valuation is no longer a matter of making a best estimate. As regulators begin to seek greater clarity in the asset values of publicly traded companies and require them to make more transparent disclosures, the onus is on CPAs to apply more scientific rigor to their IP valuations. But certifying with mathematical exactitude the full value of intangibles such as patents, brands, in-process research and other IP assets can be problematic. aicpa.org

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