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TRCPA

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Re: sambeaux post# 52223

Friday, 06/19/2015 11:52:23 AM

Friday, June 19, 2015 11:52:23 AM

Post# of 53980
Sam......this was from the last 10Q filed......

http://www.sec.gov/Archives/edgar/data/1002822/000100201412000293/fasc10q03312012-a1.htm

Page 19......

Income Tax Expense

As of March 12, 2012, the company had net operating loss (NOL) carry forwards of approximately $16,000,000. Should substantial changes in our ownership occur there would be an annual limitation on the amount of NOL carry forward that could be utilized at any give time. The ultimate realization of these carry forwards will be due, in part, to the tax law in effect at the time and future events, which cannot be determined."
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