Chump change. The trouble is the word “invested”. There is nothing there saying that those investments are worth anything near what they put into them. In fact you take there gross revenue minus the revenue from the selling of equity ie: tax credit or the paid in capital if you want to look at it from the common share perspective.
A company is only worth what legit revenue will produce after all set and done. Revenue from the selling tax credit and using that to create capital from depreciated assets is not legit.
They weren’t even drawing a wage. They where living off the collateral from outside the corporate walls. In other words chewing on the collateral until the paper trail caught up to them and the creditors said hey wait a second fellas.
Anyhow it’s all there. Don’t be blinded by what one pays that’s the biggest game out there. Overpay, put up outside collateral then eat the creditors lunch by nibbling at the outside source of collateral then supporting it with a generated tax credit from the selling of overpriced goods.
Not rocket science, it’s all there in black and white.
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