Friday, October 13, 2017 11:31:16 AM
How does a company with virtually no capital acquire a "large private technology company"?
Why would a large company want to be acquired by a management team made up of 2 con artists?
The stated goal implies a large company can be acquired by using tax benefits of the $35 million in losses Manny and Marv have accumulated over the years. But look at the math. With the coming tax cuts, it looks like corporations will be paying 20% tax rate. So 20% of $35 million is worth $7 million. Do you know of any successful large private companies that can be acquired for $7 million?
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