Carnegie Development Inc. (CDJM)

[Dan Simmons]

How do you take a tax credit when you have nothing to sell. They know it and anyone who reads the disclosure statements know it.

The Company has a deferred tax asset arising substantially from the benefits of such net operating loss deduction and has recorded a valuation allowance for the full amount of this deferred tax asset since it is more likely than not that some or all of the deferred tax asset may not be realized.