Drinks Americas Holdings, Ltd. (DKAM)

[Toxic Avenger]

While it would be awesome if all you had to do was buy a company and you automatically got to take all its NOLs as a tax deduction, sadly, the government is not THAT stupid.

The NOLs will die with DKAM because:
a) no one is going to start up the business again, which is required for NOLs.
b) 3 years ago when they stopped filing, liabilities were $24 million which would need to be repaid by an acquirer.
c) the company lost money ($63 million over a decade) since day 1 and was run purely as a pump and dump. The last thing any larger public company wants is that albatross around its neck.

So no need to wonder, the NOLs are safe and sound with the shell and will remain there until the SEC gets around to delisting the company.