Net tangible asset -$8m?, page-2

What you state is correct if you take a simple look at the tangible equity using those figures and those figures only.

Since the half year Obsidian has converted notes to the value of about $2.6 mil. That's $2.6 mil of liability's turned into tangible equity. The capital raise since the half year added another $3mil to tangible equity. That still leaves net tangible asset without adding the possible tangible equity gained from upgrading ANMA at - $3.2 mil

The only intangible asset actually left over after all the intangible impairments of Green Forrest ANMA etc Shown here is for Sunnya.

"The Total Comprehensive Loss for the year was $26,590,036 (2019; $20,492,541 loss). This was affected by impairment losses of $26,134,266 in 2020 and $24,072,574 in 2019"

Intangibles are independently verified on a regular basis by an independent organisation, the same one who told Jatcorp they could use the covid opportunity to impair the others to save Jatcorp tax in the long run.

Sunnya's intangible asset could not be written down because they are performing so well. They showed clear evidence of this using a stress test on Sunnya intangables. The conclusion was in the 2020 Annual Report.

"Even with these worst case scenario analysis, there is no indication of impairment as at 30 June 2020"

So Jatcorp most probably have an actual current equity including Sunnya's intangibles of $25.3 of
$22.1 mil.

Sunnya's intangible's are undisputable IMO and not likely to be impaired anytime soon. Particularly if they continue to gain $32 mil agreements.

GLTAH DYOR