CBA Florida Inc. (fka CBAI)

[worthylion]

Tony--
I think they're making sure they can retain the tax losses for the purpose of using them to offset at least some of the gain from the asset sale. After that, I don't think they have any other use for them nor can they "sell" them because they're lost on a change of control. No one is going to drop assets in or merge in a company with valuable assets without assuming control which would eliminate the tax losses. The only residual value is I think is their SEC filing status which I think could be worth around $175,000 based on an internet search.