BB Liquidating Inc. (BLIAQ)

[eddy2]

Yes that is sad. Again that has nothing to do with the public market equity holders. As public share holders we are purchasers of tax sales debt not revenue tax debt. They are two different things. Now many will argue they are mirrored if you where too graph the two different tax’s. The biggest difference is that wages are taxed on the back end of the sales tax while revenue tax it shows up on the front end.

Capital costs, debt ect. has no influence on tax sales debt until a problem comes about and there is no sales tax debt created that can be sold to the public.

Companies can’t buy there own sales tax debt. They can how ever buy revenue tax debt back through depreciation or paying there tax’s.

Companies can’t hold back there sales tax admittens once a product or service is purchased and payed for.

The government can take administration cost out of the sales tax revenue ie: depreciated costs too the share holders. This cost is spread across all the stake holders interest who hold the sales tax debt yet to be collected.

One also has to remember that the sales tax debt is sold after the product is sold but before its paid for ie: receivables. The up side is the very small interest that is paid on the debt plus the spread between what is owed and it’s market value.

The companies customer can withhold what it owes until a court directive has been issued to them too pay the debt owed including any sales tax unless they take advasive action by filling a chapter 11 them selfs.

The administrative charges most always trumps any small amount of interest owed plus as the old saying goes you can’t squeeze nothing from nothing.

You have your treasury stock ie: the debt sold
You have your share holders deficit ie: the sales tax loss
The equity is what maybe still can be collected taking off future administrative charges that is a constant for every dollar collected in sales tax owed too investors.