InvestorsHub Logo
Followers 6
Posts 717
Boards Moderated 0
Alias Born 11/21/2013

Re: Myth post# 55653

Thursday, 11/11/2021 6:44:00 PM

Thursday, November 11, 2021 6:44:00 PM

Post# of 66061
Bear in mind, accounting generally, and taxes specifically are a hell of a lot easier if you have a 01/01 effective date.

Annual reports are a lot easier as well.


Assuming that the target company is indeed the Santa Ana based company identified earlier (which appears to be non-operational, tho fully licensed), I imagine we won't see any immediate impact to the books beyond potential acquisition costs, and net benefits will be realized over time as production ramps back up. Hopefully, the product portfolio is one that can be distributed quickly (either directly or thru third parties/white label deals).