$PNNX The company is actively pursuing another acq
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Posted On: 10/22/2019 3:24:08 PM
$PNNX 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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