Tuesday, August 06, 2019 6:38:14 AM
I think your putting the cart before the horse honestly.
The 8K shows they already have Rotmans financials. So why not release them already?
Now I’m sure Rotmans does ok as far as the store goes but that does not mean they clear a huge profit. I mean why would they even want to show a large profit as it just causes them to pay more in taxes. Would make more sense to buy up inventory and hold it before the end of their fiscal year or equipment to show as small a profit percentage as possible.
You want to show as small a profit as possible honestly. My accountant tells me to spend money to keep my tax liability down. Buy property or equipment instead of paying more in taxes.
Like I said I’m sure they do ok but def have a good bit of overhead with such a huge store location plus operating costs as well as pension and health insurance.
So how much profit will honestly be left at the end of the day and remember only 58% comes to VYST.
The 8K shows they already have Rotmans financials. So why not release them already?
Now I’m sure Rotmans does ok as far as the store goes but that does not mean they clear a huge profit. I mean why would they even want to show a large profit as it just causes them to pay more in taxes. Would make more sense to buy up inventory and hold it before the end of their fiscal year or equipment to show as small a profit percentage as possible.
You want to show as small a profit as possible honestly. My accountant tells me to spend money to keep my tax liability down. Buy property or equipment instead of paying more in taxes.
Like I said I’m sure they do ok but def have a good bit of overhead with such a huge store location plus operating costs as well as pension and health insurance.
So how much profit will honestly be left at the end of the day and remember only 58% comes to VYST.
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