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Thursday, 09/17/2020 9:25:01 AM

Thursday, September 17, 2020 9:25:01 AM

Post# of 232825
While all you posters are wasting time on bridge pins and train schedules, I have a serious question about “tax loss carrry-forward” accounting. Seems to me that we are tracking the $260 million cumulative loss number for a purpose. To me, a tax loss carry-forward has a cash value in the right situation. It’s supposed to be used to offset future income to reduce taxes on that income. First, you need positive income to offset but, at that point, I think you can use it to avoid tax (at 20% or 30%) on that income. I know there are year restrictions and perhaps limits but seems to me, it has value. Could be in the tens of millions....is there a tax accountant in the house?

As info....I cleared six figures on GTAT....so why do the GTAT alumni gravitate to LQMT? Are we all traveling in Apple’s shadow? Maybe compulsive gamblers?
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