Replies to post #3223 on STW Resources Holding Corp. (fka STWSQ)

[BBP1990]

Well stated Rick, but....I disagree setting the odds at 50-50. More like 99.5-.05. Saying this is a 50/50 bet would be akin to flipping a coin at 200-1 odds. Of course you would make that bet. Just don't see an outlet for funding, not to mention the delinquent tax issues reported earlier. Don't believe enough attention has been placed on that.

We are delinquent in our payroll tax obligations

As of April 2, 2015, we are delinquent in payment of $2,594,128 of federal employee payroll taxes, including withholding, and filing of payroll tax returns and have submitted an application to the Internal Revenue Service to enable us to pay these delinquent taxes over an extended period. Since these payroll tax liabilities include failure to deposit employee trust funds, we may be subject to 100% trust fund penalties for these taxes and have accrued $1,183,202 of these estimated penalties as of December 31, 2014. We cannot assure you that the Internal Revenue Service will accept our application for installment payments or that we will not incur additional fines and penalties for failure to timely file such federal payroll tax returns.