BioAmber Inc fka BIOAQ

[trader59]

LOL

Do tell...

A net operating loss (NOL) may be carried forward to offset taxable income in future years in order to reduce a company's future tax liability. The purpose behind this tax provision is to allow some form of tax relief when a company loses money in a tax period.

https://www.investopedia.com/terms/n/netoperatingloss.asp

Corporate tax rate (which, btw, would be applied to taxable income to determine tax) is 21%. The "offset" of taxable income from this company's NOL's is $300+M, so the "offset" of tax is $60-65M, which is less than the debt which would be assumed, and that doesn't count any costs of acquisition.