Sunday, September 26, 2010 9:48:48 PM
$105M in assets / $32M in Liabilities:
$73,081,472 (total equity) div 196,770,012 O/S = .3714
Read Pages: 14 & 15
also the value of the NOLS are $40M-$50M
http://www.sidedraught.com/stocks/FGOCQ/04202010%20Hearing/Transcript-%5BCourtesy%20Iggles2009%5D-Reno_Firstgold%20Corp_042010.pdf
what does NOLs mean?
The loss carryover has a direct effect on market value by sheltering future income from tax, and a direct effect on book value due to the recognition of a deferred tax asset.
Basically a legal way to offset income on past Loss carryover!
http://www.accessmylibrary.com/article-1G1-113231551/valuation-firm-tax-loss.html
------------------------------------------------------------------
Assets:
Liabilities:
March 2010 (MOR):
http://www.scribd.com/doc/30832353/FGOCQ-March-2010-Mor
$73,081,472 (total equity) div 196,770,012 O/S = .3714
Read Pages: 14 & 15
also the value of the NOLS are $40M-$50M
http://www.sidedraught.com/stocks/FGOCQ/04202010%20Hearing/Transcript-%5BCourtesy%20Iggles2009%5D-Reno_Firstgold%20Corp_042010.pdf
what does NOLs mean?
The loss carryover has a direct effect on market value by sheltering future income from tax, and a direct effect on book value due to the recognition of a deferred tax asset.
Basically a legal way to offset income on past Loss carryover!
http://www.accessmylibrary.com/article-1G1-113231551/valuation-firm-tax-loss.html
------------------------------------------------------------------
Assets:
Liabilities:
March 2010 (MOR):
http://www.scribd.com/doc/30832353/FGOCQ-March-2010-Mor
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