Replies to post #99984 on Supurva Healthcare Group Inc (SPRV)

[LoanRangerTX]

Actually I did read Delaware's Website Calculation....

Did you know that when you scroll down to the bottom of the document there is a link to a Delaware Gov Excel worksheet to calculate franchise tax?

Large Corporate Filer Information
You may also use our Franchise Tax Calculator for estimating your taxes.

That takes you to this page: https://corp.delaware.gov/taxcalc/

It does have a warning that the excel sheet is used as a estimator.

However, I took all the information you helped provide into the spreadsheet.

From the State filing:

COMMON
AS: 20,000,000,000
Par Value .0000100000

PREFERRED
AS 150,000,000
Par Value .0001000000

Putting those numbers in all you can do is mess around with the Outstanding Shares and Asset value. In order for SPRV to have an Gross Asset value of 140 million.... it needs to have issued all its shares of 20 billion. Meaning that we have another 9 billion shares to be diluted.

Otherwise using the current outstanding shares its 70 million.

However, the whole problem comes to a point if Web to Door has a gross asset value of "0" which is possible. Most struggling start ups don't have a lot of assets and usually rent everything. In that case, a Delaware tax assessor could estimate a tax of whatever they want using standard method and wait on filings.

The U.S. Form 1120, Schedule L is the federal tax form for corporations:

https://www.irs.gov/pub/irs-pdf/f1120.pdf

It lists all the assets on line 15 but if you notice it does allow for less allowance for bad debts or outstanding asset loans. Meaning they could have a zero asset value and will need to report still. Once a zero asset value is reported then a Delaware Tax Assessor is needed, and will probably give them minimum assessment.

[rawman]

Already read it! And I also entered Web to Door's corporation license number and reviewed the part where the Company has filed NOTHING, including the REQUIRED ANNUAL REPORTS, since August 2015! One might expect the Delaware SOS is "ESTIMATING" the franchise tax, based upon some very old financial data, which was provided prior to August 2015! IMO, this was when the predecessor to SPRV was purportedly in the oil business! Heaven only knows how the Company was reporting assets back in the oil days!

SPRV specifically publicly disclosed Assets of LESS THAN $600,000 as of June 30, 2016. Since then, SPRV has not reported! The Company continued as dormant, until acquiring a small package delivery service provider in June 2018. The acquired private company was Web to Door and its subsidiary, On Courier 365! On Courier 365, which is the actual operating unit, was bought by Web to Door in 2017! On Courier 365 may own some delivery vans, maybe even 100 delivery vans, but essentially has no other assets!

IN LIGHT OF THE ABOVE VERIFIED FACTS, PLEASE EXPLAIN HOW SPRV COULD POSSIBLY POSSESS THE "CLAIMED" $140,000,000 IN TOTAL ASSETS! BASED UPON LOGIC, "IMPOSSIBLE" WOULD SEEM TO BE A REASONABLE CONCLUSION!

Au contraire! The Delaware tax levy is nothing more than a "stab in the dark guess"!