News Focus
News Focus
Followers 28
Posts 574
Boards Moderated 0
Alias Born 01/24/2014

Re: Kool Aid Man post# 55383

Thursday, 05/08/2014 7:21:10 PM

Thursday, May 08, 2014 7:21:10 PM

Post# of 163744
They have at least a $1million tax write off from the FROZ merger.

They'll save a few hundred thousand there.

If they owe $200k in taxes, its during a period when they purchased a $7.7 million building where much of their capital was vested as well as in operations.

Not unusual! The lien is likely for a partial year calculated after budgeting estimated payments.

Their taxes should be way higher based on revenues.

They were likely stretched during 2012 and 2013.

If revenues are in the $ millions, then I believe its a cash flow issue that will be resolved as accounts receivables is now in their control.

In the scheme of things..its a not a major amount.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y