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loanranger

12/24/09 3:00 PM

#271751 RE: ttattletell #271748

tt,
Don't know if you read my chat, but you should sense my frustration. Delaware's website left it very easy to believe that SPNG didn't file for 2008 and, if you read carefully, doesn't feel that that situation needs clarifying.

Fortunately I have plenty of experience in being made a fool of and expect to get over it by Monday at the latest.
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OldTymer

12/24/09 3:10 PM

#271753 RE: ttattletell #271748

No ttattletell, that is not what I'm saying. Obviously you didn't read loanranger's ENTIRE chat. It was explained, Notice the part in bold. What you are seeing is the information based on the authorized shares before it was recalculated on the assumed par value capital method.

We the general public, do not get to see the actual numbers that the recalculation was based on. If you want the behind the scenes numbers, you have to submitt a written request and pay for that info. I know it's confusing when you first look at it, but the info you are looking at is not the complete, drop dead numbers. That's just the way they have their system set up:

Mazie: If you log back in to the annual franchise tax report filing for tax year 2008, the system will reset the tax back to the authorized shares method. You cannot view previously filed reports on the web site
Bob: I'm looking at the filing right now..it shows as an authorized shares filing. And that's the source of my confusion. I was told that it was an assumed par filing but I'm not "seeing" that.
Mazie: You won't see it. The numbers used for the assumed par value capital method are not public information.
Bob: I see.......so what is the value of the filing that I'm looking at?
Mazie: That is the amount of tax based on the number of shares authorized
Bob: But, just so I'm clear, THAT ISN'T REAL INFORMATION?
Mazie: That is the information based on the authorized shares before it was recalculated on the assumed par value capital method
Bob: I see. Is there any indication on the website at all that would tell a reader that the information appearing there is not "real time" information. I'm afraid that I've been put in the awkward situation of providing it as such.
Mazie: No, other than it tells you that the report has been filed and that the information completed would be consider an amended report