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Toxic Avenger

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Toxic Avenger

Re: Wucher post# 60151

Tuesday, 03/01/2016 5:24:30 AM

Tuesday, March 01, 2016 5:24:30 AM

Post# of 62039
The NOL's are not worth anything to a foreign company and they're not worth $30 million to a U.S. company.
First thing, you'd have to pay off the debt. Then, if you keep the same EXACT business running, the one that lost $30 million plus, you can DEDUCT the $30 million from your income. So ONCE YOU HAVE $30 MILLION in profit, you can save maybe $6 million in TAXES. Though as we've seen profits are hard to come by in SIRG's business (whatever that is these days).

Or you could buy a debt free shell for $100k or less and run with that.

Debt doesn't go away. It gets discharged in a BK filing (maybe) along with ALL the common value.

It's lose / lose with SIRG.

“No one in this world, so far as I know — and I have searched the records for years, and employed agents to help me — has ever lost money by underestimating the intelligence of the great masses of the plain people"
H.L. Mencken

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