InvestorsHub Logo
Followers 92
Posts 3703
Boards Moderated 0
Alias Born 12/21/2017

Re: Toxic Avenger post# 1125

Tuesday, 12/26/2017 9:03:31 AM

Tuesday, December 26, 2017 9:03:31 AM

Post# of 51581
I side with the tax experts on the Delfin LNG staff that have successfully navigated international tax laws for the past 40 years.

I do know that a test period of three years is required under 382 of the IRS whenever a change of ownership occurs in a publicly traded company.

Delfin will not be able to show any profit until 2021, but I am not worried because its prime competitor in the sector currently has earnings of negative 2.37 per share yet trades at 53 dollars per share on AMEX. However it has only 200 mil shares in issue, so that is something to think about, perhaps divide 53 by 2 and come up with the potential pps here.