Replies to post #99779 on Supurva Healthcare Group Inc (SPRV)

[Prime-Time]

Nice post!! Big days coming $$$

[rawman]

This information is contrived BS! SPRV has NO TANGIBLE ASSETS, other than Web to Door and its subsidiary, On Courier 365! And these fine beauties do not even have a Tangible Net Asset value of $1 million, let alone $140mm!

Unfortunately, given SPRV has chosen to NOT post a financial report in over 2 1/2 years, the bogus $140 million cannot be "officially" proven or dis-proven! OTOH...simple logic suggests that any company with $140 million in tangible assets would not be bludgeoning it shareholders with billions of shares worth of dilution and wallowing at a share price of .0001 for more than a year!

VERY SIMPLY....UNTIL WEB TO DOOR DECIDES TO QUIT WITHHOLDING THE COMPANY'S CURRENT FINANCIAL INFORMATION FROM THE SHAREHOLDERS AND POTENTIAL INVESTORS, THERE IS NO LOGIC THAT COMES CLOSE TO SUPPORTING THE $140 MILLION ASSET CLAIM!

[jwdroptine]

HUGE FIND DewmBoom, I have been in this since the Lighthouse days, with a MINIMUM VALUE of 140 MILLION I guess miracles can happen at Christmas. MERRY CHRISTMAS TO ALL. sprv

[DewmBoom]

SPRV is my no. 3 stock pick for 2019. This stock is going to reach at least 0.014 based on current Delaware state filing asset of 140 million dollars.

Buy and Hold Strong

NB. This is a high risk stock. Make sure you invest what you can afford to lose it all.

[LoanRangerTX]

A Math Problem?! I love Math!

First, thanks for posting links to proof. Its always helpful.

Second, thanks for pointing out its Franchise Tax, not a straight corporate tax that Delaware charges a flat 8.7%. I didn't see that in my original post.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145490599

Alright to the Math!

So using the State of Delaware's Calculator:

https://corp.delaware.gov/frtaxcalc/

I agree that they would have to use the Assumed Par Value Capital Method. Otherwise just based on the authorized share method they would have a tax of 200k.

So using the excel sheet at https://corp.delaware.gov/taxcalc/. And using the total authorized shares found in the Filing with the assumption of Par Value in the filing:
COMMON
20,000,000,000
.0000100000

PREFERRED
150,000,000
.0001000000

So now we have to guess at Assets and Issued shares... Of course this all assumes they have assets to begin with. If their Total Gross Assets equal zero, then their corporate franchise tax would be calculated based on Delaware Tax assessor educated guess...

So I used the last Issued Shares that the TA sent me at 10,897,583,640 plus 150,000,000 of preferred stock. Sadly using the excel sheet I have to put in a "total gross asset" value of 77,000,000 to get the assessed tax due. The only way to get 140 million of "asset" value is to say that they did a full dilution of 20 billion shares and that another 9 billion shares are going to hit the market....

Which to me would say that this company isn't going to be a 2019 best pick.


Lastly, I would like to point out a few things that don't quite add up in this "assessment".

When doing the math, Delaware shows that the companies par value of the stock is 0.00001.... Four zero's not three which is the lowest price that someone can buy this stock for. That means that the company basically is saying that the "common" class stock will always be valued 10 times less then what someone can buy it for. Meaning that every time you buy one share of the company, you have lost 90% of your money. Per their assessment of their own share value. This frightens me because they issued shares to buy Web To Door, and if that's true then how could SPRV issue enough shares at 0.00001 price to cover the buyout?

Finally, Delaware is taking a guess at the tax. Web to Door will have to actually file their assets when they pay their taxes. This guess could be based on similar logistic start up companies, or an valuation of stock. The asset valuation comes from U.S. Form 1120, Schedule L which Web To Door hasn't closed their books for the year, and haven't filed tax forms yet. So Delaware is taking a guess to issue a bill, and awaiting information to adjust their taxes.

[crazy horse 0]

"market asset of SPRV must be $140,000,000."

thanks for the DD !

$SPRV BREAKING NEWS.....HUGE VALUATION

I did some DD over the weekend about SPRV. I was astonished, and here is why:

If you look at the Delaware filing as shown below, they are paying a franchise tax of $56,986.30. There are two methods for paying a franchise tax in DE:

a. Based on authorized shares. Based on this method, the Franchise tax should be a flat $200,000 for SPRV.

b. Based on Market Asset and Valuation. Companies elect to use this method to save in Franchise Tax if it yield a lower tax. SPRV elected to use this method in order to reduce tax avoiding the first method. In order to pay a franchise tax of $56,986.30 using this method, the market asset of SPRV must be $140,000,000. That is 140 million dollars.

Using 140 million dollars as a market value, this will put the stock price at 0.007 using OS of 10 Billion Shares. Even if you use the entire AS, the pps would be at 0.0035.

Dewboom declared SPRV as his No. 3 Stock Pick for 2019, behind $JNA and $ONCI

https://icis.corp.delaware.gov/Ecorp/FranchiseTax/Filing.aspx?eId=181224093849862

[Peggy]

Huge BS.