OTCPK:MEAOD - Post by User
Comment by
mstettleron Jul 23, 2016 10:11am
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Post# 25078249
RE:RE:RE:New Research Report on MTO out this PM, V. Bullish
RE:RE:RE:New Research Report on MTO out this PM, V. Bullishpdcon1 wrote: read it and weep , debt is only 9 million , actual tax credit is 15 million they could pay off debt with their tax credit . great things are starting to happen here .
That made me laugh!
This board is great.
You guys poop all over me for making a mistake (distance of barry to mill) and then someone posts something as outrageous as this and no one bats an eye.
From the last financials: they have 0.55 million in tax credits receivable (assets). They also have 5.27 in deferred taxes (liabilities). They currently have 7.56 million in convertible debentures due in a year. Where do you get 15 million in tax credits from? That is nowhere in their financials.
More importantly: it doesn't work like that. You need taxable income to be able to apply a tax credit. Meaning, if they had a tax credit of 15 million, they would need to have ~60 million in earnings to be able to use that credit against their tax liability.