KAT Exploration Inc (KATX)

[B402]

Hey Shorto..you posted the KPMG Link..The Crooks.

This link
http://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/Documents/tax_loss_relief_0710.pdf

I noted they were crooks
Like Jacobson and Stan the man (associations of Katx)

Carry Backs in the US are 2yrs
In Canada its 3yrs per your own link

The KPMG tax shelter fraud scandal involves allegedly illegal U.S. tax shelters by KPMG that were exposed beginning in 2003. In early 2005, the United States member firm of KPMG International, KPMG LLP, was accused by the United States Department of Justice of fraud in marketing abusive tax shelters.

Under a deferred prosecution agreement, KPMG LLP admitted criminal wrongdoing in creating fraudulent tax shelters to help wealthy clients dodge $2.5 billion in taxes and agreed to pay $456 million in penalties. KPMG LLP will not face criminal prosecution as long as it complies with the terms of its agreement with the government. On January 3, 2007, the criminal conspiracy charges against KPMG were dropped.[1] However, Federal Attorney Michael J. Garcia stated that the charges could be reinstated if KPMG does not continue to submit to continued monitorship through September 2008.

http://en.wikipedia.org/wiki/KPMG_tax_shelter_fraud