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Re: Bernija1 post# 48098

Saturday, 07/28/2012 7:42:27 PM

Saturday, July 28, 2012 7:42:27 PM

Post# of 74729
I'm surprised that you would think that GCS would so casually cast off $28,000.000.00 of ASYI's CONFIRMED NOLs. As you no doubt now know (due to my DD), that GCS reported some $2.100,000.00 of revenues waaaaaaaaay back in the year 2010, during the very heart of the Great Recession. Those revenues represented a 167% increase in revenues over and above the prior 3 year operating period. Logic would therefore dictate that its revenues for year 2011 and 2012 are therefore higher, MUCH higher than they were sfor year 2010.

And as you no doubt know, NOLs cannot exist where there is revenue. So it's absolutely safe to assume that GCS has no NOLs ... but that it in fact has REVENUE, and is seeking to merge with ASYI in order to OFFSET that REVENUE.

I'm also somewhat surprised that you are not aware of GCS's revenue model. They do not earn their income with trucks, machines, factories and lots of employees. They write software code. As a result of that, their overhead is very low ... thus permitting more profit to fall to their bottom line.

The link to the article that detailed that 2010 revenue is here. It used to reside in a sticky that I placed on the MKHD board, but the sticky (and, alas, the data, mysteriously "disappeared"). But you're in luck, as I retained the post ... and will share it with you now.

http://www.inc.com/inc5000/profile/global-convergence-solutions

And you're VERY welcome.

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