Nexus Energy Services Inc (IBGR)

[redwagon]

The simplest answer is usually the right one. Dryworld was in dire straits in 2016/17. They either were already in talks to license their brand to China, or they sought out to license their brand in China at this point. They most likely have not reported any revenue (more likely profit since a licensee would be putting out all the money up front to grow the brand) from the licensing deal, for two reasons; Taxes on the money if they bring it back to the USA, and they had, until recently, two lawsuits against them (1 from FLU, and 1 from the receivership of TCA). If they showed those assets/brought them back from overseas, they would be both taxed, and the funds seized by the receiver (more likely seized, and then they would still be liable for the taxes on top of that). Now the lawsuits appear to be settled, they can bring back the money anytime they are willing to pay taxes on it. When they filed audited financials, I bet it all gets revealed. JMHO