Blox Inc (fka BLXX)

[J.T. The DD King]

This is so huge I'm surprised BLXX didn't explode this morning! I'm thinking the 8K is just too confusing for most, with all of these companies merging together under BLXX.

Bottom line; When you see a company that OWNS a State power plant. Which BTW costs about $2 billion dollars to construct, receiving approx. 15% of the power plants GROSS. That's right, I said "Gross", not "Net", this is Bukubucks.

One thing that threw me for a loop in reading this 8K was seeing the Biogas plant paying 15% of their gross income. That's off the top, before taxes, etc.

I mean, who does that? How could anyone, or any company pay 15% of their gross and stay afloat? 15% of the gross could be like 40% of their net income so that's INSANE!

BUT,.. Figure in the 15% of the gross they are paying to themselves through another company they own, which passes the money to yet another company they own, then it makes sense. They can deduct this income as an expense, thus advert paying income taxes in Hungary.

Ya can't fault the Rothschild's. They take the term "Brilliant" to a new level. I figure that's why they are the richest family in the world with a net worth of approx. $500 Trillion.