Replies to post #2327 on Cannonau Corp (CNNC)

[Jerm17]

There are 41,029,000 shares outstanding currently. The NOLs are like having $3 million, but they won’t materialize until the company has revenue coming in. They are basically a credit towards any future taxes that will be owed from doing business.

The PE also won’t be able to be calculated until there are actually earnings, as that is the price to earnings ratio. But for now I guess we can just hope whatever business that will be merging in here is already established and has revenue and assets. By the way they pumped out those filings I’m guessing they have money because what they just did was not cheap. This is one of the most interesting plays in all of the OTC in my opinion!