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eik

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Alias Born 10/24/2005

eik

Re: mgland post# 1914

Thursday, 04/28/2016 3:00:56 PM

Thursday, April 28, 2016 3:00:56 PM

Post# of 3445
What financials? This laundry has net income $70,018.34 in 2015, and cash on hands $7,048.67. Not enough even to pay Delaware tax due. Unless David Brown add some pocket change, the State will keep compounding interest and then new tax due next year, etc. Just tell me: how is this "holding company" going to acquire other assets (branches)? What legal business would agree to be acquired by North Hollywood laundry with no money. Which bank would give them loan for acquisitions? Usually players like this find another pinky which agrees to take their shares with hope to dump them on "merger" or "buyout" news.

Bottom line: until Delaware tax gets paid, this stock will become more "scammier" every month. smile