Blue Line Protection Group Inc (BLPG)

[OMOLIVES]

What does that have to do with the website not being updated for over a year? Further....nothing has been updated on facebook or twitter. The last updates anywhere was a news release in March of 2018.

I'm not being negative...just the opposite. The Company is current on the OTC link...but has done nothing with their social media sites. Why does almost no one understand what is happening here? It's like these so called groups roll in and roll out with some followers and completely have no clue.

Let me give you some more insight here:

ASB ASC 740, Income Taxes, requires a valuation allowance to reduce the deferred tax assets reported if, based on the weight of the evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. After consideration of all the evidence, both positive and negative, management has determined that a full valuation allowance of $1,527,788 and $1,204,205 against its net deferred taxes is necessary as of December 31, 2018 and December 31, 2017, respectively. The change in valuation allowance for the years ended December 31, 2018 and 2017 is $323,583 and $311,379 respectively.



At December 31, 2018 and December 31, 2017, respectively, the Company had $7,275,182 and $5,734,309, respectively, of U.S. net operating loss carryforwards remaining, which expire beginning in 2017.



As a result of certain ownership changes, the Company may be subject to an annual limitation on the utilization of its U.S. net operating loss carryforwards pursuant to Section 382 of the Internal Revenue Code. A study to determine the effect, if any, of this change, has not been undertaken.

Valuation Considerations Relating to Section 382 Limitations:

https://www.valuationresearch.com/pure-perspectives/valuation-considerations-relating-to-section-382-limitations/

The two major components of Sec. 382 are ownership change and limitation. An ownership change occurs if immediately after an owner shift or an equity structure shift, there is a greater than 50% change in the value of the stock owned by five percent shareholders during the testing period (generally three years). An ownership change is triggered by the purchase and sale, redemption, or new issuance of stock.

Stock may include any of the following:

Common stock
Convertible preferred stock
Certain convertible debt instruments
Certain voting preferred stock
Certain stock options or warrants


.......This is actually very old news to anyone that did a little read up'. Problem is...no one has apparently. I am going to read the riot act tonight. I'm only here for post consolidation and the big move.