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Re: waterchaser post# 81974

Saturday, 07/12/2014 6:43:34 PM

Saturday, July 12, 2014 6:43:34 PM

Post# of 123645
EDD is the one to worry about. California is so desperate for revenue they go after anything they can with a vengeance. I posted a story about how they went after me for a $147 balance that was 16 years old that I didn't even know about as I had moved from the state. The penalties, interest and costs associated were into the tens of thousands... If that $250K has been floating for 5 years I guarantee it's well over a million in liability. That's why I think they will walk away from this just like they did in 2009. Just need to sell the rest of the stock, get a couple more paychecks and then shutter the place. Family resigns, they go dark and in 2020 or thereabouts, start it up again and run the same deal.