No wonder he thinks $12M is paying too much. Frannor only received $100,000.
"Included in intangible asset is US$100,000 in respect of a payment to acquire the entire share capital of Frannor Investments and Financing (Pty) Limited, a company incorporated in South Africa ('FIFL SA')."
source: http://www.investegate.co.uk/Article.aspx?id=200706291127293102Z
