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I think it’s not impossible that among the upcoming news we might get a change of some sort regarding the tax liabilities called out in the 2012 filing. I’m not guaranteeing it, but it’s not impossible! Also the interest is not in the audited reports themselves but what they plan to do with them and why they publicly invested in this process in the first place. Just seems to me there MIGHT be something brewing.
I’m still here, anxiously awaiting news
Welcome back in Laz! Always appreciate the banter between you and folks on this board. Now we got Laz onboard, soon we’ll get news...man it’s game on!!! If we Xena to buy shares this will go to $100/share lol!!!!
It’s coming!!!!
https://twitter.com/trucept/status/1268327668350664704?s=21
Staying long! No new data to refute the fundamentals. So the empirical data hasn’t changed. Waiting for news.
Thx everyone for comments on both sides. Appreciated!
Thank you for putting this together and I did read through it. I was an original STTN shareholder and remember parts of this, but not all. Last annual statement shows Bonar owns 5.8M shares and loaned Trep about $1M due 2023. Is this your understanding of current state? Or is there more I’m missing? Is it possible his control has been constrained based on this and vastly reduced, albeit not eliminated?
Appreciate the response. I honestly don’t have data to argue one way or the other re Bonar. I do know that Audits and filings do help as countermeasures. With the IRS all over this company for years, and the amount of eyes and transparency they’ve likely had due to the case, I gotta think of material fraud or any concerns to shareholders would have prompted them to report to the SEC?
This is actually a good discussion and would appreciate feedback: 1st off my understanding is that PEO’s are supposed to represent this $$ on both their Balance Sheet & Income Statement. For the balance sheet it’s correct per accounting guidelines to represent as an asset. So yes they presumably do have future outflows/AP that will offset a large % of this asset. Right? But doesn’t that mean that a) they have a sufficient client base to constitute that asset, on a reoccurring basis, over that past many years? And b) they can make money on the float like insurers regularly do? Also my understanding (could be wrong) is EPS isn’t calculated based on assets, it rather it’s based on earnings/revenue, but Trep’s EPS is still (marginally) positive? Relative to other OTC stocks in this price range isn’t that kinda a unicorn? I don’t presume to really know for sure the answers to these questions and really want to discuss (which is the root purpose of a discussion board lol)! Bottom line - if we remove the $20M asset factor, aren’t there still some positives to takeaway? Re the IRS, it seems pretty clear to me at a high level that after a decade there’s only one direction this can go and that’s positive to the Trep side of the field. Can’t really get any worse yet after TEN YRS and Trep is still being here! Right? @Laz, thoughts (I ask because over the years I’ve appreciated your thoughts and perspectives)
....also, if there was a year for the IRS to settle it’d be now. Gotta imagine they need revenue right about now and the current climate doesn’t bode well perception-wise for public disputes against small to midsize companies.
I agree...no news. But I haven’t sold a single share yet as I’m speculating we’re due for a) some news on the IRS liabilities, and b) we’ll find out the reason for the formal 2 year audit. They also delayed upcoming filing. I have no data just speculation but it feels like a setup for a combination of some big news of some sort.
Agreed!
Yep. Concerned and surprised. Lot of questions too re how these acquisitions were made. But part of me is thinking they are gearing up for big things - hence the delays and new auditor.
Same thoughts as you at this point in time - tempered. Not too high but not completely discounting. I’d be more interested in getting news re the long-standing IRS case.
@Laz, what are your thoughts on the audit firm they signed up?
Good questions! This IRS issue has existed for a long LONG time! While none of us have complete optics into what’s going on, the associated liabilities do appear to be changing/decreasing. Denoting something is being worked in the background. If this was 2, 3 or even 5 years after the action I’d agree the solvency of TREP was in question. But Lazarus, you have to admit this is a long-standing issue yet the company, at the very least, is still in the game and making moves. Right? We’d all like to have complete visibility into a company before investing in their stock. But do we typically get anymore or less for similarly priced stocks on the otc? I’m asking earnestly as y’all are much more experienced than I.
Don’t post here much but I check this board regularly over the years and thought it was due time to post my perspective. I’m a long time share holder with a large stake. Started out as a spec play, and the gambler in me had me buy more and more over the years (started w/ STTN shares). I haven’t added in quite some time. Over the years I’ve reached out to TREP current or prior employees in various roles to simply ask one question - is this company legit or a scam. They’ve all responded on LinkedIn that it’s definitely legit. Good, bad or ugly I know one thing - TREP is still in the game! I dunno what’s gonna happen with this thing but it’s exciting to watch! Anyone wanting my perspectives on my STTN/Trep journey can PM me. Not looking to debate or have negative exchanges.
Morning! I’m a longtime shareholder way back before we switched from STTN (see my posts). Seen a lot of spikes over the years - nothing like this WHOLE month!
This board has been really quite! Any news or updates on the IRS liabilities?
Do we have any rights? E.g. SEC investigation for potential fraud?
I tell ya, I'm very confused by this stock. I've pinged several past employees on LinkedIn over the past 6 months and they all say the company is real and operating. The last inquiry said that Trucept has been selling off parts of the company and for me to lookup Solvis which has the same ownership. I'm a long term share holder ~2M shares and I'm confused how all these different BUs under the same ownership don't feed the stock? I actually bought before it was converted to TREP. Thoughts?
Meaning?
I'm trying to find 2 bits of information: 1) where's the 10k filing for this recent quarter? 2) any updates on TREP's IRS liability? I saw some snippets of information that the courts threw out their case against the IRS?
Anyone know what's going on?
Interesting that this board has gone so quite now that the stock price has returned to where it was prior to the "significant" reinstatement news
Does anyone have any solid news?
Quick question - why is TREP increasing today?