Again, nice find Brassalloy. I am invested in another penny which is in the process of relocating from Washington state to Las Vegas. They are doing so for many reasons. One is they plan to complete a share buyback. Under the laws of Washington they can not do this at this time. They also are taking advantage of the business friendly environment of NV.
Although like many of you I wish SFIO would have been open about moving to Las Vegas, I can easily imagine why they would do so. I am in no way inserting that SFIO intends to do a share buyback. But as many of us know, CA is one of the least business friendly states in the union. I also wonder if CA has any special taxes on tobacco products and the distributors of them? I would assume the move to NV will be a solid one for the bottom line of SFIO in the long run.
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