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Re: brucebill post# 817

Monday, 09/27/2021 2:59:03 PM

Monday, September 27, 2021 2:59:03 PM

Post# of 857
The financials look pretty good to me-

-It looks like the company has cut their losses about 50% and are only in the 2nd year of operation from what I recall- also they have changed their designation-

"During 2021, the legal form of the Pioneer Green Farms LLC was changed with the State of Florida from a Limited Liability Company to a Corporation, Pioneer Green Farms Inc."

Very positive overall imho.

Plus the company has more than a $10 million loss carried forward which should come in very handy for future tax pourposes!

"For income tax purposes the Company has available a net operating loss carry-forward of approximately $10,769,000 from inception to December 31, 2020, which can be carried over indefinitely to offset future federal taxable income. The tax years for June 2017, 2018, 2019, and 2020 are open for examination by state and federal agencies."