This is actually a good discussion and would appreciate feedback: 1st off my understanding is that PEO’s are supposed to represent this $$ on both their Balance Sheet & Income Statement. For the balance sheet it’s correct per accounting guidelines to represent as an asset. So yes they presumably do have future outflows/AP that will offset a large % of this asset. Right? But doesn’t that mean that a) they have a sufficient client base to constitute that asset, on a reoccurring basis, over that past many years? And b) they can make money on the float like insurers regularly do? Also my understanding (could be wrong) is EPS isn’t calculated based on assets, it rather it’s based on earnings/revenue, but Trep’s EPS is still (marginally) positive? Relative to other OTC stocks in this price range isn’t that kinda a unicorn? I don’t presume to really know for sure the answers to these questions and really want to discuss (which is the root purpose of a discussion board lol)! Bottom line - if we remove the $20M asset factor, aren’t there still some positives to takeaway? Re the IRS, it seems pretty clear to me at a high level that after a decade there’s only one direction this can go and that’s positive to the Trep side of the field. Can’t really get any worse yet after TEN YRS and Trep is still being here! Right? @Laz, thoughts (I ask because over the years I’ve appreciated your thoughts and perspectives)
News 
Market Data 
Discover 
AI
