Univercell Holdings (UVCL)

[speckulater]

Tax Loss CarryForwards

I have not seen Tax Loss CarryForwards mentioned here. This is from UVCL April 2006 10K:

< No provision for income taxes has been recorded due to net operating loss carryforwards totaling approximately $1,569,000 that will be offset against future taxable income. Theses net operations loss carryforwards begin to expire in the year 2021." >

So the first $1,569,000 of PureRomance profits could possibly not be taxed. I am not a CPA but they could have a cash value of:

$1,569,000 * .33 = $517,770

which would go right to bottom line (EPS) of PureRomance.

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