Originally Posted by webexplorer
By the way, I watched this video clip of ZVRS lab. I don't buy one of their story about Sorenson's deep debt. Many corporations do have some debts, but they can write off their tax which is no problem for them.
Yes, I agree with you for profit corporations can write off taxes due to debt but it had to be followed specific rules at IRS allowing corporations to write off taxes. Many cant and had to saddle debt.
As for Sorenson is the only provider owing 3/4 of a billion dollars in debt which is pretty massive to me because of their poor judgement, profit taking for a CEO and other management heads and massive payments including interest to, FCC due to inflated call minutes, investors and owners. Purple owes about 10 million, cannot recall and is unsure if Purple had repaid back to FCC in full.
So what they said in ZVRS comparison video in spot on and I encourage you to do a research in FCC website or do a Google search.