Friday, September 04, 2020 6:42:28 PM
The biggest asset QOIL holds is not oil, but this:
As of March 31, 2009 we had a NOL carryforward of $19,040,132.
https://www.sec.gov/Archives/edgar/data/1089104/000117347309000038/ex993.htm
If another company can take custodianship of QOIL and capture the NOL carryforward, that is some serious tax benefits there....
Question is IF it can be pulled off.
"Dishonest money dwindles away, but he who gathers money little by little makes it grow." Proverbs 13:11
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