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flipper44

06/06/20 10:37 AM

#287672 RE: flipper44 #287671

As far as the delinquent 10q, perhaps it makes sense for it to be a complete 10q at the moment of possible corporate transformation, in order that the books do not need further modification thereafter.
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Poor Man -

06/06/20 10:51 AM

#287678 RE: flipper44 #287671

I think that’s right.

Anytime a company enters into a major transaction with or involving another party, you want to make sure your books are clean. The fact that the delay is a tax issue, which normally would just be disclosed as a contingent liability and not hold up the 10Q, it seems they are intent on resolving this before the release. But if f this is a large tax obligation in dispute, I doubt it’s resolved within just a few weeks.
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evanstony

06/06/20 11:19 AM

#287680 RE: flipper44 #287671

Is it possible that the potential partner/buyer is a German registered business and that is the tax consequence in reference??