Copper King Mining Corporation fka CPRKQ

[portx10]

Another example of NOLs saving shareholders. Nearly all value in copperking is in its NOLs. On to the example:

^^Another factor analyzed by the Court was how Mirant’s net operating loss carryforwards (“NOLs”) should be accounted for. One of the experts took the view that the value of the NOLs should be calculated separately from the DCF Method so that the risk of these cash flows could be assessed apart from the business as a whole (i.e., the rate of return (or discount rate) utilized to calculate the present value of the NOL related cash flows should be considered distinctly from the rate of return utilized in valuing the business as a whole). The Court took a different position than this expert, ruling that all the tax attributes of the business should be incorporated in the cash flow forecast utilized in the DCF Method. The Court stated that, “it is not sensible to apply variable discount rates to different elements of those cash flows.”^^