In response to this, the deal with SoarLabs, gave SoarLabs 49% ownership of BPPL (subsidiary of BPG).
I don't think this [49% ownership] would be reported as a liability or reported at all on a Balance Sheet?
(But I'm not an accountant)!
I understood/assumed that SoarLabs would just get 49% cut of the profits made by the Crypto Exchange once live.
Cheers
MSN