Replies to post #5628 on George Foreman Enterprises Inc.(fka GFME)

[jainshul]

Some awesome DD texasoil. Thanks

[byrd36]

Nice catch...the phrase definitely means more. They would have just said 'it is not likely' or 'less likely than not' BUT they said 'it is not more likely than not'.

Definitely something there, JMO.

An event is 'less likely than not' if its likelihood of occurring is less than 0.5 (50%).

If it's more than 0.5 then it's more likely than not.

If it's exactly 0.5 then it's as likely as not.

[DryLightning]

I agree the audits needed to be completed and nol updated to move this ship forward. That is a major step for us.

Still,
"not more likely than not" is a double negative that means
it has less than a 50% chance of occurring


I think this is standard jargon based on their forecasts. They must determine if the nol is more likely than not, or not more likely than not, to be utilized in the future and then establish valuation allowances. In addition it is all based on FY2010 10k filing in which they have not mentioned or disclosed any merger.

[mgplayer247]

Wow great stuff texas, that is some very interesting info. I dont know enough about the accounting side of this to speculate past what has been posted, but it does seem like some of the numbers weve been throwing around may end up being VERY conservative here. I just get the feeling this stock is going to be alot bigger than many of us are anticipating.