Black and Scholes model. Due to simplicity and familiarity of the model to the investors, the study recommends those investors, who use the Black-and-Scholes model at present, to continue using the model

of a company relative to its asset-in-place whereas the PE ratio measures company’s market capitalization compared to its earnings. Because of its intuitive appeal and practical simplicity, the PE

there is any change in exercise price and exercise ratio under the circumstances as defined by the notifications of Capital Market Supervisory Board. The Company may adjust the exercise price and exercise

installments after the maturity of the loan repayment period (February 2014 – January 2015) and the Company requested to negotiate with Mahachai Group to adjust the loan repayment conditions 3 times as follows

(MACO-W2) (the “Terms and Conditions of MACO-W2”), the condition of the adjustment of rights under the MACO-W2 states that the Company shall adjust the exercise price and/or the exercise ratio to purchase

-W2) (the “Terms and Conditions of MACO-W2”), the condition of the adjustment of rights under the MACO-W2 states that the Company shall adjust the exercise price and/or the exercise ratio to purchase

Warrants Adjustment of Warrants The Company will be required to adjust the exercise price and/or ratio upon the occurrence of any of the following events; (1) in case of a change in par value of the

has to adjust the transaction retrospectively. This revised standard does not have any impact on the financial statements as the Management has considered and decided to continue accounting for such

as it was necessary for customer-base expansion in dialysis solution segment to adjust selling price in order to be competitive with competitors in the same market. As a result, 2017 has gross margin

Board or the SEC Office or having not been correcting its financial status or operating result according to the order of such authorities; 6 (8) having not been ordered by the SEC Office to adjust the