Priority Aviation Inc (PJET)

[integral]

Well, I know where you are going with your thought, however, selling the operating biz or wholly owned sub with all the debt, leaves an over $18 million tax liability to the parent company. Any NOL from an aviation biz will not apply to a pot company.

And the IRS will send demand letters, and yes, they will do your taxes for you and send a bill. When the pot company does not file, they will show up with vests and firearms, it is what they do best.

Relief of that debt is considered a gain. And the old CEO taking on $19+ million in debt, will not go well with the creditors. I could see an injunction and this held up for years.

This has just become a pump and dump, and a "not so hot" pot smoking child getting arrested while stoned in San Antonio, she might be considered a "Bad Actor" pursuant to Regulation D, and not be able to raise capital for the next nine years, which also includes acquiring a new CUSIP or name change. This part I don't know, I have to read Reg D again on the Bad Actor Rule.