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Hello Ciao. The October 31, 2024 financial statements lists the carrying value of the ZS2 Technology shares as being written down to $225,000 and the associated warrants to $ 21,000. Thiis gives a total carrying value on the ZS2 investment of $246,000. Being a private company with no market pricing, the valuation must rely on other transactional evidence. The most recent is the 50 cent per ZS2 share rights offering which triggered the recent $646,500 writedown (unrealized loss). So my calculation is that there remains a $246,000 exposure that is subject to further writedown, should further depreciation in the value of ZS2 shares occur.
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