ANO advance zinctek limited

Ann: $1.9 million Unaudited First Half Pre-tax Profit Result, page-5

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    Exactly - transferred to a very closely related retail "arm" to give an arms length appearance to what might have been wholesale competing against retail - a definite no-no if you are a wholesaler or manufacturer. A good point about the value of the IP though - I would be inclined still to stick to Lev's judgement even though he is far from being independent - in fact his relationship IMO is probably close to having considerable influence over both entities. Would have been better to have an independent valuation as you point out.
 
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