Stervc excellent post well worth a read by everyone here.
Accumulated losses are always a huge incentive to reverse into another company - especially when its in the same business as you are.
The $1.5m that Orotecno put up as guarantor to get SIRG bankruptcy will already pay for itself in the tax write off's over the next two years several times over!
Nothing like being able to write off profits against previous losses.
Seems like a very shrewd move by Orotecno to me.
SIRG
My post are my opinion only. You should do your own due diligence before investing in any stock or take professional advice. I am not an investment advisor. Kind Regards.
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