Deferrd Tax Assets are potential Tax Loss Carryforwards that can be used to offset taxable income in the future. These are the accumulated Net Losses that the company has absorbed over prior periods.
Previous PR: http://ih.advfn.com/p.php?pid=nmona&article=49562427 Howard Phykitt, has canceled and returned 535 million shares of his total holdings of the common stock of PharmStar Pharmaceuticals to the Company's treasury. He has accepted a series of warrants as follows:
Thats a 125,800,000 difference= what happened??????????
8. Any increase of 10% or more of the same class of outstanding equity securities CLASS DATE ISSUED TO % INCREASE Preferred C 9/15/2011 OTC Capital Partners, LLC 100% Preferred D 8/1/2011 Greenland Capital, Inc. 100%
Effective February 28, 2011, the Company acquired a 95.3% interest in Pharmstar Pharmaceuticals, Inc., a Nevada corporation. This transaction will be accounted for as a reverse acquisition for accounting purposes as a result of a change in control