Ninja, If this is correct, this would be something the IRS should take a serious look at. How many companies have been put out of business by this type financing? How many jobs lost? How much tax revenue missed from this loophole? I'm against higher taxes, but I'm not against closing loopholes for companies such as YA. [Make tremendous profit while diluting a companies stock, then take a huge paper write-off when the company files bankruptcy.] This seems pretty damned regressive to me. When YA went to a monthly stipend to NEOM, just enough to keep the doors open and pay their boys, IM and MZ to hang around and make the agreements and amendments to the arcticles of the corporation, I began at that time to suspect if the ultimate success of this company was really YA's goal or not. I still don't know, but it sure as hell makes a person wonder. Los
News 
Market Data 
Discover 
