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Microcap & Penny Stocks : TSIG.com TIGI (formerly TSIG)
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To: Zeev Hed who wrote (34082)8/27/1999 1:34:00 PM
From: Suzanne Newsome  Read Replies (2) of 44908
 
Zeev, the amount due to the IRS is approximately $430,000. Since it is well-known that bankruptcy does not relieve a person from IRS obligations, can we not reasonably assume the auditors, in their desire to continue to be practicing accountants, would not have attempted to obliterate the IRS obligation through bankruptcy? In other words, can we depend on the accountants' not wanting to do something blatantly illegal? I still believe this issue of the $4 million gain due to the bankruptcy could use some enlightenment. Regards, Suzanne Edit: If it were up to me, TSIG when it was able would pay off every creditor that got shorted due to bankruptcy. I have personally been on the short end of some bankruptcies, and I feel if the company eventually becomes successful, those obligations remain in effect. SN
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