What does this mean to FASC?
Assuming the $16 million at this point (that number has likely increased somewhat over the last 3 years), if the company was sold to a larger, profitable U.S. Corporation, the total value of those losses to a buying entity could be in the following neighborhood based on current 35% maximum corporate tax rates.....
$16,000,000 X .35 = $5,600,000
The $5,600,000 would be required to be used over a period of years, which would reduce its present value in a sale. And there are some other qualifications that would need to be satisfied.
A ballpark guess might be that these NOL's could legitimately add $4 million to a sale price of FASC by itself, if leveraged properly.
Integral might have more thoughts on this.