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Re: big lug post# 299914

Tuesday, 03/02/2010 12:55:30 PM

Tuesday, March 02, 2010 12:55:30 PM

Post# of 346917
lug,
The short answer is that it shows 1)that the franchise tax was due yesterday and 2)a failure to file COULD result in Delaware calculating the tax using a method that would result in a $180,000 tax based on the 3,000,000,000 a/s number and a couple other things.

The a/s history shown is just informational. The franchise tax is the subject.....click around based on the site menu and you'll see that there is an alternative method for calculation of the tax that the company should be using. When they fail to file, the state goes to the default method.

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