InvestorsHub Logo
icon url

4Godnwv

11/29/07 9:16 AM

#95214 RE: fonzzz #95210

>So it is legal to publish the numbers in a report, but it is illegal to have them audited. Figure that out!<

Actually, it's easy to figure out.

They can (and did) certify the amounts they claim to have in a bank account.

They cannot tell you where it came from. (necessary for an audit)

icon url

overachiever

11/29/07 10:44 AM

#95229 RE: fonzzz #95210

PNMS has to file a corporate tax return. Ask the IRS if they are paying taxes on these 100s of millions in profits or even the State of Texas if they are paying their franchise fees as non-domociled corp doing business in the State Of Texas.

Who knows? One might be entitled to a reward if Mike somehow forgot to pay the millions in taxes which are due.