First and foremost… I believe that a company generally won’t file their financials and OTC Basic Disclosure document to obtain OTC Markets Pink Current Information Status unless they truly have what they believe is some sort of a sound plan to positively move forward. I believe their plans will start to become more known to us shareholders in the near future given the timing of them now going current.
This is very attractive for a huge positive Net Income generating company wanting to merge into FTPM. This greatly enhances the company’s position as a huge merger candidate. This is because of the $35,412,165 being available to be used as a 2 year carry back and 20 year carry forward Tax Net Operating Loss (NOL) to reduce the taxable income for a merging company’s future tax years. That’s an average of roughly $1.77 Million in the reduction of its taxable income per year over a 20 year time frame. This is basically like adding $1.77 Million back into a merging company’s Net Income that will be derived for any substantial amount of Net Income that would be generated. Merging into FTPM would be better versus registering as a new entity or IPO-ing because you won’t have such tax shelter otherwise as a huge benefit. Please let me further explain.
For what I am going to explain next, I will refer to the roughly $1.77 Million that I explained above as Derivative Net Income for the purpose of deriving an understanding of what this $1.77 Million tax benefit would be worth over the next 20 years considering if FTPM was to acquire/merge into a company generating significant Net Income. Considering the Outstanding Shares (OS) of 191,872,649 shares for FTPM as what has been recently reported, we can derive what I will call a Derivative Earnings Per Share (EPS) to determine what the value of what this tax benefit is worth to a company coming into FTPM generating significant Net Income considering the formula below:
Considering a fair Price to Earnings (P/E) Ratio of 15 for the Marijuana Industry, conservatively speaking, this makes the Accumulated Deficit of $35,412,165 from being approximately worth $1.77 Million (rounded) per year over the next 20 years to be worth .138 per share as derived below:
.0092 Derivative EPS x 15 P/E Ratio = .138 Per Share of Added Value
Please understand, as of today, I am not saying that FTPM is worth .138 per share… because it is not. Do not read the thoughts above and think such. That is not what I am saying. I’m not saying that FTPM is worth anything because it is too premature to tell exactly what it’s worth as we don’t even know what is coming into FTPM. They haven’t even started telling the story yet. I think I need to reiterate to make sure it is understood that currently, FTPM is not proven to be worth any value for now, if anything, as nothing has been acquired or merged into it as of yet. Those of us buying shares now are simply doing so because of one word… risk.
I am simply saying that if something of a huge magnitude merges into or is acquired by FTPM and is profitable with having Net Income equal to or more than the $1.77M per year, then the amount of value ”to be added” for worth from the NOL will be .138 per share as ”added valuation” over the next 20 years. If they apply such over a 10 year period, then the amount of value ”to be added” for worth from the NOL will be .276 per share as ”added valuation” over the next 10 years. They can decide the amount of years for how they want to apply such.
Also, very important to understand… Respectfully, this debt is a non-issue and basically a ”psychological paper entry” because it will only affect the Balance Sheet and not the Income Statement for valuation purposes to derive an Earning Per Share (EPS). Those figures that you are referring to will have no effect on the outcome for what the company's EPS will be now or in the future.
Actually, because of how it's listed on the Balance Sheet, it can be used as an NOL Tax Shelter as I explained above which actually makes FTPM an awesome merger candidate for a very profitable company to merge into it. Why would a company that is very profitable not consider merging into FTPM when they could save themselves from paying millions in taxes that would not exist otherwise?
Even without any merger, the 7 properties that they already have closed on in California could very well prove to be more than enough to begin to bring in significant Revenues and Net Income for FTPM. This was explained in the post below to where these 10 FTPM Facts could prove to be helpful to understand: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125674671
Below are some good videos to listen and understand the logic regarding Net Operating Losses (NOL):
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