P10 Industries Inc. (PX)

[value1008]

When i saw that P10 would not be showing on its books the cash equivalents in the form of investments by RCP Advisors in their own RCP Funds, i was disappointed, since this is something that Doncamel and I had been sleuthing out and quantifying etc.

But as i re-read the paragraph where that statement occurred i realize i glossed over the really positive elements that CEOs Alpert & Webb included in the end of that paragraph:

"P10 did not acquire the RCP principals’ existing interests in the various funds. However, moving forward, P10 will augment the RCP principals’ investments in new funds with P10 funds, creating even stronger alignment with the RCP limited partners. As a result, P10 stockholders will have the opportunity to participate in RCP prospective investment returns."

This could be very big for revenue growth down the road!

Plus i return to this intriguing, tantalizing sentence:
"P10’s unique financial position and tax attributes allows us to support our debt, reinvest in the RCP funds, and pursue growth opportunities, such as new fund offerings and acquisitions."

It's those new "acquisitions" where i think P10 will be deploying much more of its tax-relieving NOLs for profitable cos.