InvestorsHub Logo
Followers 282
Posts 3478
Boards Moderated 1
Alias Born 07/04/2018

Re: Mustang12 post# 13230

Friday, 12/04/2020 1:52:28 PM

Friday, December 04, 2020 1:52:28 PM

Post# of 14495
Yes, I didn't mention it, but that's the primary financial benefit of moving into one of these old shells with a gargantuan tax-loss carry-forward. When the legacy company had a huge tax-loss carry-forward, it continues on with the new owner of the shell. In other words, Born, Inc. won't be paying taxes for a while. I don't believe this would help with PLUG capital gains, though, since QUTR/BORN wasn't the company that owned the PLUG shares - it's a separate company from FiveT Capital Holding AG. But in the future, Born Inc. can theoretically earn tens of millions in profits before playing federal tax. That's my understanding anyway - don't hold me to it.

Just my opinion as always...
H