Wednesday, September 20, 2017 10:00:03 PM
You can pull the accumulated lost off one of the filings, don't remember which one it is but the last time I looked which was maybe six months ago I believe it was somewhere in the $75 million range. I'm confident that that losses probably closer to $80 million now.
I'm also well aware that you can't utilize the entire lot but quite comfortably you could probably use at least 20% of it, maybe even 22 to 23%. That's still a fairly substantial number in the $20 million range. That's bigger than our market cap is today I believe
Is this pure and simple? No but is it achievable absolutely. It's done all the time. Good tax accountants know exactly how to treat these
Let's not lose sight of the simple fact that the tax losses of this company has accumulated have a significant value to someone and I believe China gold joy can utilize them quite effectively. Shareholder, I personally treat it as an asset. Has value to someone.
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