PRESS RELEASE coming soon ...With the "debt ceiling" matter gaining clarity today/tonight, I speculate some very positive news will be released shortly thereafter.
Let's see if daily volume can get to the 10000000 shares per day level-- otherwise, I still suspect reverse split would be deployed.
As for your inquiry, do we first need to be more precise on the phrase/term you used in your dialog:
- write-off, write-down, write-off.
e.g.
Because a write-up impacts the balance sheet, the financial press does not report on more mundane instances of businesses initiating a write-up of asset values. In contrast, sizable write-downs do spark investor interest and make for better news cycles.
Whereas a write-down is generally considered a red flag; a write-up is not considered a positive harbinger of future business prospects — since they're generally a one-time event.
During an asset write-up, special treatment for intangible assets and tax effects are considered. With an asset write-up, the deferred tax liability is generated from additional (future) depreciation expense.