Industrial Nanotech Inc (INTK)

[Demain]

The Taxman Cometh?
Perhaps the recent dramatic selloff has something to do with paying down the long-standing tax liens rather than have the company's assets siezed.
IRS collection powers. Congress has given the IRS enormous legal powers to collect past due taxes. The IRS can seize just about anything that you own -- including your bank account, home, and wages. And the IRS doesn't need a court order or judgment before closing your business and grabbing your property. In most cases, the IRS only has to send you a form "demand letter" before it acts -- and, in special cases, it isn't compelled to give you any warning at all. The IRS can effectively close down your operation by seizing your assets -- business accounts, desks, inventory -- and padlocking your doors.
https://www.nolo.com/legal-encyclopedia/small-business-tax-debts-irs-32280.html
Industrial Nanotech Federal and State Tax Liens
$116,448 (plus penalties and interest) IRS and State of Florida
Notice of Federal Tax Lien $45,126.22
http://dos.sunbiz.org/pdf/16000179.pdf
Notice of Federal Tax Lien $33,080.34
Notice of Federal Tax Lien $31,534.81
http://dos.sunbiz.org/scripts/liendet.exe?
http://dos.sunbiz.org/scripts/liendet.exe?action=DETLIENBCOMPACT&web_dir=%20&web_key_number=16FLR0002389&web_key_seq=0001&web_return_number=16FLR0000179&web_return_seq=0001
action=DETLIENBCOMPACT&web_dir=%20&web_key_number=16FLR0001366&web_key_seq=0001&web_return_number=16FLR0000179&web_return_seq=0001
STATE OF FLORIDA, DEPARTMENT OF REVENUE Amount Due $ 6,057.59
http://dos.sunbiz.org/scripts/jlidet.exe?action=DETLIST&inquiry_number=J14000849041&inquiry_date=049135684706000000&return_number=J09000428085&return_date=047398176007600000
STATE OF FLORIDA, DEPARTMENT OF REVENUE Amount Due $ 330.00
http://dos.sunbiz.org/scripts/jlidet.exe?action=DETLIST&inquiry_number=J20000092177&inquiry_date=050881824169000000&return_number=J09000428085&return_date=047398176007600000
STATE OF FLORIDA, DEPARTMENT OF REVENUE Amount Due $372.50
http://dos.sunbiz.org/scripts/jlidet.exe?action=DETLIST&inquiry_number=J20000092185&inquiry_date=050881824170000000&return_number=J09000428085&return_date=047398176007600000
STATE OF FLORIDA, DEPARTMENT OF REVENUE Amount Due $248.91
http://dos.sunbiz.org/scripts/jlidet.exe?action=DETLIST&inquiry_number=J20000342986&inquiry_date=051105600021000000&return_number=J09000428085&return_date=047398176007600000