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Total Liabilities are Total Liabilities. Full stop.
It's a named line item in the Balance Sheet for a reason.
But if you'd rather go by Burn's System (BS)...
Wrong. Total Liabilities= ~$10MILLION by now.
Yout quote:
How many $Million$ does IHSI still owe IRS?
IRS still has first claim on any IHSI assets or revenue (chuckle).
I believe that number was approaching $2 Million, no?
Do you know what the most recent reported number was?
The fines and penalties have been piling up for years.
It's not nice to cheat Uncle Sam!
Oh, yeah... John1964 seems to have burst that Fisher "giant hedge fund" investment myth.
Good find, john1964!
Trouble ahead, trouble behind...
...don'tcha know that notion just crossed my mind...
You go, Casey! Best of luck!
RIGH is no runaway train, Vape...
More like a gift horse right now.
And you know what they say about gift horses...
Best to all.
Congrats to all who caught a good trade here...
...if your cost basis is in the low trip-zeros.
Might be a good time to take your cost off the table (at least) and just play with "free money."
JMHO
All the best.
Get real! Gabriel could be suing IHSI/TCA!
For breach of contract.
(Re-posted to remove perceived vulgarity.)
The agreement was to buy Cresent for about $1.8MM, with a $500K down payment and the rest ($1.3MM) in a 5-year promissory note.
And Gabriel's name and reputation, established clientele base, etc may have been worth that.
But without him, it's nothing. That's why he just picked up stakes and re-established himself under a new name.
IHSI/TCA actually still owes him over $1.3 MILLION as per the agreement.
Why in God's name would he still be associated with them?
What a load of horsecrap.
You don't just "address" unpaid Employees' Payroll Taxes.
You PAY them.
These taxes are IHSI's share of their employees' Social Security and Medicare taxes.
$2 Million worth (including late fees/penalties).
They don't get "addressed". They get PAID... one way or another.
Wage garnishment, asset forfeiture, whatever it takes.
It's the IRS, man!
IHSI still owes the IRS ~$2MILLION in unpaid payroll taxes.
They (the IRS) have first lien on any IHSI assets.
Gabriel would be wasting his time suing now.
Point is he has a valid legal claim against them for $1.3MM+.
Sorry, slow okie. Dewey Keith Gabriel had no incentive to maintain ties with IHSI.
He was/is a General Contractor. As such, he had few if any employees, and minimal if any equipment.
A General Contractor is basically just a guy's company Name, reputation, and a network of sub-contractors that can be contracted with on an as-needed basis. Plumbers, electricians, carpenters and such.
He agreed to stay with the new Cresent as an advisor for a year, I think.
In return, IHSI/TCA paid him $500K+ for the use of the company name and his (brief) services. Turns out they never used his services, as they could not commit to any new projects.
DKG did what any sane businessman would do. Took the money and walked away.
Opened up shop elsewhere and took his reputation, name (slightly changed but recognizable), reputation, and network of sub-contractors with him.
He has no reason to give any revenues to IHSI.
None.
Couldn't have said it better, Vape!
Here ya go, sdcasper... Cheers!
PS For those unfamiliar with RIGH, this was all part of the RIGH SEC Fraud:
"New to Righ? Check the SEC Fraud charges!"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144979738
Positives about IHSI without "exaggerating"? Can't wait!
Happy New Year, all.
Happy New Year, all.
Define "recaptures the lost Cresent revenues", please.
And explain how that would help IHSI...
ttyl, gotta go.
I'm guessing Sal wishes he never met Angel.
That's one guy that didn't want the SEC spotlight on him.
Then you're in the RIGHt place.
Doesn't matter. RIGH is defunct... kaput.
You're right, Burn. My apologies.
I didn't notice the "replied to" post. Mea culpa.
I still take issue with some points, though. More when/if I have time.
But I agree TCA is a bunch of dirtbags. Just don't think that fact will benefit IHSI at all.
Take care.
That's $3.3 MILLION that the Receiver is trying to recover from IHSI.
And of course, IHSI still owes the IRS what must be WELL over $2 Mill by now (penalties have been accruing for several years).
Sad.
Receiver is going after IHSI's assets...
...if they can find any.
Really, Burn... THIS is the more relevant section of that status report:
Source: https://tcafundreceivership.com/docs/ReceiversFirstQuarterlyStatusReport.pdf
Excerpt:
Yup. That's life in the Simulation...
Taylor Moffitt is still at it...
https://taylormoffittofhalydean.wordpress.com/
Despite this:
https://www.sec.gov/litigation/complaints/2018/comp24148-moffitt.pdf
Yup... you figured right.
They were all associated with RIGH's previous corporate identities...
https://www.otcmarkets.com/stock/RIGH/profile (Scroll to bottom)
Next we'll be hearing "RIGH #1 on Breakout Board"!
As if that means anything other than more peeps are posting on a board that never gets posted on...
LOL
Funny stuff, Vape!
Glad you could keep your sense of humor!
All the best.
No one here knows. But guaranteed it's not good.
Doubtful individual shareholders would be granted "standing" to sue an outside entity.
Parent company has standing, but they've already done that.
JMHO.
Yeah, that sounds right....
"Owl Media" or something like that I think... mebbe, or mebbe not...
Good attitude, Vape. Hope you're well.
Irrelevant to a defunct tooth-whitening company.
It was consensual.
What does this have to do with RIGH?
There was never anything ethical about IHSI.
One colorful scam artist.