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Re: zoomboom post# 112302

Monday, 03/30/2015 6:57:29 AM

Monday, March 30, 2015 6:57:29 AM

Post# of 130502
75% of $7.5-Mil. in NJ Tax credits is $5.6-Mil. - last time I checked

"On November 10, 2014 DioGenix was awarded a $7.45 million 'Grow New Jersey Assistance Tax Credit' ("Grow NJ Tax Credit") from the State of New Jersey to facilitate the establishment of a laboratory in Camden, New Jersey. By statute, Diogenix can sell the Grow NJ Tax Credit in whole or in part for a minimum of 75 percent of its face value, subject to certain conditions. Amarantus intends to immediately evaluate the sale of these tax credits."



I can almost guarantee you, no one is going to pay full $7.6-Mil. face value

also do you have any idea the challenges associated with the sale of NJ Tax credits, or the professional time & expenses associated with the packaging of them?