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16.7% 1.4¢ lithium universe limited

pvp esports championship, page-194

  1. The Bizz
    2,062 Posts.
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    13/08/18
    18:35
    Post #: 34907541
    Don't know if this helps....Page 12 Part 3. Intangibles (cont)
    'The license fee relates to the Razer (Asia-Pacific) Pte Ltd Tournament Platform that has subsequently been re-named Mogul Arena and runs for an initial 2 yr Period.The Group is Amortising the cost of the License fee over the Period of the license'.
    Amortising is a fancy way of saying....'Writing Off'.
    So it looks like they are 'Writing Off' an 'intangible asset'.....Or Depreciation of that asset.
    ESH Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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