No. of Recommendations: 1
Thanks >^..^<,

I appreciate your quick and thoughtful reply.

If I understand correctly, the bulk of the intangibles tie to expected future cash flows arising from pipeline projects and proprietary technology that will give rise to future revenues, plus future cash flows from existing products, plus brands.

Wow, that's a big number! On a revenue basis, it makes some sense but in terms of income I am astounded. Maybe I need to look beyond the 10 year amortization period?

Again, thanks for the guidance. Shall study a bit more.

Kind regards,

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