PNNX Confirmation of Zero PNNX Dilution per the PR
Post# of 42377
(Total Views: 29)
Posted On: 10/22/2019 2:25:03 PM
PNNX
Confirmation of Zero PNNX Dilution per the PR below:
https://www.otcmarkets.com/stock/PNNX/news/PN...?id=243431
https://www.otcmarkets.com/stock/PNNX/news/PN...?id=243431
Quote:
The company is actively pursuing another acquisition in the pre-paid, branded credit/debit card space. In addition, the company is 100% debt free and has no convertible debentures, or 504s, and will not entertain any 3(a)10 exemptions, or any other dilutive mechanisms that could hurt our shareholders, as PNNX is fully funded and has no debt. Finally, we are in the process of filing all tax returns and financial reports for the company from 2003 through the present to preserve a Net Operating Loss, in the amount of $34,900,000 for tax purposes. Pursuant to IRS Publication 536, the Tax Cuts and Jobs Act permits a company to carry forward a Net Operating Loss indefinitely.
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2️⃣All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
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