Replies to post #31303 on Daniels Corporate Advisory Co Inc (DCAC)

[DIVEROTC1]

How?

[tutankhamuns]

If a company is profitable, generates earnings and has more assets than liabilities, it can legally enforce a buyback. Let me be clear: I’m not saying that it will happen. Instead, I’m simply reiterating the fact that the company would have the option to under these implied circumstances. Many OTC companies claim that they can perform a buyback, despite not being eligible to begin with, therefore it would be a very significant condition for DCAC to be in.

For Nevada corporations, except as otherwise provided in the corporation’s articles of incorporation, no distribution (including dividends on, or redemption or repurchases of, shares of capital stock) may be made if, after giving effect to such distribution, the corporation would not be able to pay its debts as they become due in the usual course of business, or the corporation’s total assets would be less than the sum of its total liabilities plus the amount that would be needed at the time of a liquidation to satisfy the preferential rights of preferred stockholders.

https://incorporationsolutions.com/nevada-delaware-comparison/

$DCAC