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Monday, May 19, 2014 1:09:57 PM
I've seen it many times before and more often than not in pennies and reverse mergers. I'm just concerned about where they are getting money to operate and do all these huge deals with no confirmed sales and even less info than they had at their last filings five years ago. How about payroll taxes? Is Magrit and family working for free or two years? Do you have any idea what the import taxes and duty are on $110M given the more than probable possibility that these contracts represent recourse sales? Do any of you have any idea what the import duty is in Brazil? I sell there and it's close to 75%. So much we've stopped selling there and our Brazilian clients import to Mexico under NAFTA and then as far as I know move the merchandise to Brazil. Maybe it's different for liquor but I doubt it.
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