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Re: beninsac post# 80558

Tuesday, 07/01/2014 7:09:51 PM

Tuesday, July 01, 2014 7:09:51 PM

Post# of 123645
Based on this being a crap shoot, not a company value based play, I put this company at a .008 value before we see the next financials. I think that's a fair valuation. If they perform we can revisit value but right now that's actually far more than they're worth. There are still major issues. My biggest concern is outstanding taxes which can put a kabash on the whole deal. If they don't pay the outstanding 941's they will be shut down within the next 120 days. Both the state and the FED have no tolerance for failure to pay these taxes and will lien everything. They need to come up with that $250,000 tomorrow or it's all over.