Post by
damianchosenone on Nov 20, 2019 10:48am
Spoke with Friend that used to work with taxation
Told me that the former directors would prefer this company is completely buried rather then being revived and the tax credits being used as they would have to pay millions to the CRA in back pay they owe.
If it is not in use at all, they do not have to make any payments.
I guess that is a good reason why when there was 10 offers that none was good enough at the end; funny thing is that I know a few offers were higher than the last one they mentioned.
When a friend spoke to Jack a few months ago he said that the tax credits are there but he hans't and wont' pursue any offers for them for free; maybe its because he knows that he owes a bunch of money as a CFO that witheld taxes from CRA when RCG existed.
I like that there has been a group that has opened up a case against a few of these directors and are getting testimonials and investigations on what happened.
Comment by
phaaser on Nov 25, 2019 3:47am
which group has opened up a case against these clowns? wouldn't mind following. thanks