Destination Maternity Corp. (fka DESTQ)

[propert]

My gut feeling, and hope is that once all of the claims are settled, company can still pursue a refund of overpaid back taxes with the Internal Revenue Svc rather than carrying forward the losses, just claiming the refund which is capped at up to 80% of the company's profits for the last 5 years. KPMG looked into this provision over a year ago then I don't know what became of the research. Seems they are still within the "window" for filing an amended return. I do not know what happens when that windfall gets collected but it would appear to be within the realm of what's possible and that's why I continue to hold my 20,000 shares which are worth saving as a lottery ticket in my opinion. Whichever institution recently sold over 200,000 shares for squat... I think it was foolish, but that's their prerogative.

https://tax.thomsonreuters.com/blog/how-the-cares-act-affects-net-operating-losses/