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Re: the1legbandit post# 26566

Wednesday, 03/08/2017 4:33:10 PM

Wednesday, March 08, 2017 4:33:10 PM

Post# of 106840
Actually, if I read the 8k correctly, $USRM sold their equipment assets to GACP, then turned around and leased the same equipment FROM GACP at a base rate of $20,000 per month plus a graduated amount to increase over time.

This, in a way, makes good sense if the equipment's no longer capable of being depreciated on the taxable assets of $USRM. So they sell it to GACP so that it's no longer on their books, then lease the equipment from GACP. It reduces their taxable asset burden and may also provide them with a service cost to write off.

The $2.5 Million strategic investment is a nice bit of news, also.