P10 Industries Inc. (PX)

[bob4uall]

PIOE reported $1.4 million in assets March 31, and adding the investment of $4.6 million, they should have assets of $6 million now. They don't seem to have a deferred tax asset from their NOLs, but they can only book that if there is anticipated profitability in the future. Since accounting standards are conservative, they probably can't book a deferred tax asset while the company is inactive. I don't know how much of this asset will appear once they become more active. As of then, it seems to be hidden from the balance sheet by rule.

I also don't see patents listed as assets, so I guess their value is at cost and very small. Maybe their market value is much higher. Cash assets would appear as these are licensed or sold, I suppose.

And then, when they acquire a business, it's anybody's guess what combination of assets and liabilities their $6 million in assets will convert to.