GEMZ Corporation (GMZP)

[TOUCAN]

$GMZP has $72M in NOLs

NOL = Net Operating Loss
There is a $72M NOL on the books which essentially gives the merging entity a $72M tax credit

From 10/01/2021 filing: page 21
https://www.otcmarkets.com/otcapi/company/financial-report/305339/content



Net Operating Loss (NOL)

https://investopedia.com/terms/n/netoperatingloss.asp

What Is Net Operating Loss (NOL)?
For income tax purposes, a net operating loss (NOL) is the result when a company's allowable deductions exceed its taxable income within a tax period. The NOL can generally be used to offset a company's tax payments in other tax periods through an IRS tax provision called a loss carryforward.