Avid Bioservices Inc (CDMO)

[corporalagarn]

I think we switched now to the tax loss value being assigned to offset our own revenue, not on a buyout. If in two years we had a $10m profit, we would not owe tax on it. Big if. The tax wouldn't be 35% either. There is talk of knocking corporate tax rate to 15%. These NOL's don't last for ever either. They are going to start to expire. The only way the NOL would be worth $100m+ is if we had a $400m profit in the next year or two and the corporate tax rate was still 35%. Don't hold your breath on that one.