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When you think about it.. they could have very well paid to incorporate in FL and paid zero tax but there was obviously an upside that was worth filing in DE and paying $75k. That's when there's plenty of revenue to go around.
I actually pulled up their bill and the DE Franchise tax calculator. The 75k is actually calculated from 10 Million Shares of stock they have stated. Pixel not SPCL states they had 10 Million shares of stock. Either way to state a number and arbitrarily make good on a 75k per year tax says a lot.
How to figure out your corporate franchise tax in Delaware:
Authorized Share Method
5000 shares or less, pay the minimum $175 tax.
5001 to 10,000 shares pay $250 tax.
For each additional 10,000 shares, add $75 to the tax total, with a maximum franchise tax of $180,000. So if your Delaware corporation has a million authorized shares, your annual franchise tax will be approximately $7,500. Typically, this corporation is better off to use the second calculation option.
This is the franchise tax due to Delaware for 2016. They paid the 75k for 2015 and now they owe little less due to a credit. The Franchise tax is not an income tax. It is a tax assessed to companies who are filed in DE but do not do business in DE. It is calculated on assets by share par value or $350.00 for every 1 Million in assets, I believe. This is a very good indication IMO
2016 Annual Franchise Tax Report
Penalty and interest will be charged if completed after March 1st.
File Number: 4780497
Corporation Name: PIXEL MAGS, INC.
Federal Employer Id:
Incorporation Date: 01/22/2010
Agent Number: 9216365
Agent Name: NATIONAL REGISTERED AGENTS, INC.
Address: 160 GREENTREE DR STE 101
City: DOVER
State: DE
Zip Code: 19904
Franchise Tax: $75,175.00
Penalty: $125.00
1.5% Monthly Interest: $2,148.32
Annual Filing Fee: $50.00
Previous Credit/Balance:$3,689.70 CR
Prepaid Quarterly Payments: $0.00
Amount Due: $73,808.62
May. Because its logical. The December 8k states the merger occurred on May 31st. On May 31st Pixel will have been traded for approx a year and will be eligible for uplist to Nasdaq. The release of fins, the rs and the uplist will be carefully orchestrated inside a short window of time to reduce the possibility of the pps falling below the eligible uplist price. Too much time between fins, rs and uplist could cause eligibility issues.. mainly the pps due to a huge run then dump.
This is just my opinion not investment advice.
Note to everyone sitting on the edge of their seat... Nothings going to happen until next month. Sit tight and hold on to your shares.. or you can sell'em to me.
ERRONEOUS!!! NICE TRY. The deal is between Ascent and a Hong Kong based Sun Pleasure Co. Ltd ("SPCL"). Not our ticker. Plus that deal was announced 2.5 months ago.
I was just trying to capture as much as I could on discount.. something wrong with that?
That was me :)
Where did we get the information that Lecrown Shoes was going to reverse merge into TXHE?
Good way to start the day. I patiently waited a few days and picked up 500k more shares at .004 this morning on the first trade!!
Did you see the 911 trades then the 119 trade?
It must mean NOTHING LOL
His picks are damn good. I follow him. I bought ELTZ today because of OC MILLIONAIRE
You should never trust anyone... especially in the wild wild west of stock trading. This is a game of deception at the highest levels excluding government.
Call me an optimist but I love the fact that someone else was willing to risk $200k in one shot on SPCL. That's a large investment. That requires a shit load of confidence in this ticker. Whoever sold I'm sure bought in trips. Whoever just bought will prob hold out until much higher prices.
The fact is.. somebody or some group just bought 4 times what I own in one shot. Makes me very confident we're heading in the right direction. Look at the bright side of things.
I just appreciate your DD. I couldn't care less about your holdings.
Thanks for your contributions over time.
YOU HAVE GOT TO BE KIDDING ME. Do you even know him personally? And for how long? You're not worried about him. You're worried about his confidence in the ticker. If you're really worried about whether he got played.. I've got some oceanfront property in Arizona to sell you!!!!!! Get over it
Its out of your control as to who sold and why. Just a distraction. The only thing that concerns you is if you're still going to hold this stock if you feel like the sell was disturbing. It doesn't bother me at all. This is a great ticker. I hope people do sell off. I have the requisition to acquire another 10-20Million but at the right price.
I was only offering some alternative information. I have employees to tend to, deals to close, payroll to calculate, receivables to chase. It doesnt matter to me.
Just look at the SPCL PIXELMAGS Facebook page. Toward the end of the posts you will see someone who boasts about owning 44 Million shares. We have not seem him on the boards today. Take a look.
I only brought that up to be helpful; contributing to the board and showing another information source beside otcmarkets had updated the outstanding shares per the 8k. I'm not one of those guys that needs to be right.
Actually Edgar Online shows the market cap at 11 Million taking into the account the outstanding shares in listed in the 8k after the merger.
http://yahoo.brand.edgar-online.com/default.aspx?cik=1411730
MMs are getting their ducks in a row. 200 trade, 700 trade, two 911s at bell and huge T trade. Strong volume.. big walk down. Something is happening imo.
At this rate their going to have to drop fins before we hit or surpass .04
Yeah.. you must have the wrong ticker SPCL is a serious stock that just completed a reverse merger with Pixelmags, a market leader in digital publishing. SPCL's deal with LEXG is table scraps in comparison. SPCL is about to drop fins and uplist to nasdaq. It's 52wk high was .02 btw. It's target price this year will be close to .50
Thank you for the support.. I'm no longer having a fit..
Hanging in there for the longhaul
That'd make me happy
The feeling of the PR.. that's what has me on edge. What are they doing here? It just sounds like bs.
Anyway.. I don't anticipate those Fins until we've reached a year's time from closing of reverse merger per the last 8k.. so sometime in late in May.. I believe.
The hand that feeds us? We're the investors. We're feeding them!
WE NEED FINS.. AND GET FED SCIENCE FICTION!!
Perpetual generator? Sounds like these guys are kidding themselves. What else have they put out that's notable? What credibility do they bring to the table. It may be my opinion but it looks like the market feels the same way. Everyone expected a gap up on the boards. WE NEED FINS.. AND WE GET FED SCIENCE FICTION. NEXT STOP COLD FUSION ENERGY!
They're licensing the technology not selling the company. It just sounds like pennyland garbage to me. Somebody watched too much back to the future at LEXG
LEXG has zero revenue. They've never made a dollar and now their supposed to turn SPCL's PESA into something that sounds like an after school special on the Sci-Fi Channel. I'm here for Pixelmags. In my opinion the PR today was more hurtful than helpful. I wish they would have kept it to themselves. Why do they feel the need to put garbage out in the street when they've got a what appears to be a winner in Pixelmags. Why advertise fool's gold for sale when you have an inventory of diamonds unless you don't. Somebody tell me I'm wrong so I don't feel like I threw away 35k on this stock and countless hours of DD.
Yeah.. I just ignored the convertible note part.. I only wanted the Issued and Outstanding shares. Thank you!
Thanks. I had a brain fart.
New authorized stock? Dilution?
AUTHORIZED & OUTSTANDING SHARES? It just hit me.. We have no idea what these numbers are. Can someone help me on this one. Maybe I am just inexperienced but I know we all own together a hell of a lot more than the outstanding share count on otcmarkets.. They list 104,713,782. I own more than 4 Million myself and if I would have bought in trips I would own 10x more. Other's on this board own more than 20 Million individually. How do we know the authorized share count has stayed the same since the reverse merger. I just feel like we're being heavily diluted. Somebody please tell me I'm clueless. It'll make me feel a lot better.
I'm all in on this ticker but that article was complete garbage. The writer acts if Mattis endorsed SPCL or said SPCL had just won a major defense contract. Not even close! SPCL doesn't even know what they have until AAS finishes its report. The google play release by Pixelmags.. now that was the real deal. That's exciting.
No doubt!
ANDROID!!!! That's huge. This is going to be a great ticker for some time.
Lot's of growth here! GO SPCL!