Wastech fka WTCH

[TallMan22]

No, LOL, don't put words in my mouth. They try to make something using the only asset they have, shares. They try to buy businesses with shares, pay for services with shares, pay salaries with shares, etc. Sometimes the vendors/sellers they purchase from later sell, or short the stock, but that is outside management's control.

They try to pay for anything and everything with shares, but there are some items that have to be paid for with cash, taxes, payroll taxes, legal fees, audit fees, rent, utilities, loan payments, equipment, and in the long run, even salaries.

The tax loss carry forwards don't enter in to the picture since the companies don't have a taxable income to apply the losses against, and the companies can't pay for audits and tax return preparation because they don't have cash.

As for not generating W-2's...well, that generally catches up with people and companies eventually. Especially if there are people out there with information to help the IRS.