Replies to post #193908 on DD Support Board and Research Team

[BullNBear52]

I guess I am showing my ignorance with auditing firms...but that seems so misplaced. Unless they actually worded it more softly...


Sorry for the delayed response.

Actually they were wording it exactly that way until we pointed out their Orange County screw up.

The rest of your story is funny as hell(unfortunately). By unfortunately, I mean the ineptitude of not knowing the percentage held and type..and of course...the IRS.

Now for the rest of the story. So we hit the jackpot with the $135M windfall and the IRS says not so fast. Remember we're a non profit.

So there was another hospital in town and we said rather than try and out spend them in the latest and greatest we'll just merge with them so we can put the windfall to better use. They were a non-profit as well. And to keep the IRS happy we'll use $25M to set up the foundation.

So then the DOJ came along and said that was an anti-trust violation since the competition was going away.

Yes you really couldn't make this crap up.

We ended up winning merged and then I quit. The game is rigged.