Biokey International Inc (BKYI)

[jonQ]

Does anybody know what the latest tax loss carry forward figures are? Seems to me a year or two ago they were somewhere is around $65 million. I got a believe they're $75-$80 million now.

At 30% utilization, that would make the tax loss carry forwards worth about $25 million to a profitable company. I'm not sure if I have this correct but I'm thinking that with let's say 6 million shares outstanding, that would make the tax loss carry forward worth roughly 4 dollars per share.

So I wonder if the endgame here is for Kwong to take control of the company which people already does for all intensive purposes, get it listed on the NASDAQ but now has china gold joy and use the tax loss carry forward to essentially own the company for free. That's probably why the $3.60 figure is the number that they are willing to buy the company for and make the private placement deals at. That would be like a 10% discount to the tax loss carry forward.

Just a thought.